CFTC Chair Pushes Tokenization As SEC Opens Door To Onchain Stocks

CFTC Chair Pushes Tokenization As SEC Opens Door To Onchain Stocks Authored by Ezra Reguerra via Cointelegraph, US Commodity Futures Trading Commission (CFTC) Chair Michael Selig said financial markets should prepare for "mass tokenization" as regulators adapt existing frameworks for blockchain, artificial intelligence and onchain markets. In remarks delivered Tuesday at the US Treasury Market Conference, Selig said tokenization of real-world assets (RWAs) could become the foundation of a more efficient financial system, enabling near-instant settlement and real-time collateral movement between clearinghouses, intermediaries and users. "Just as the transition from hand signals to...