Securities and Exchange Commission discloses plans for tokenization roundtable discussion; Peirce suggests possible transformation in finance sector with such initiative.
Hey there! The Securities and Exchange Commission (SEC) is throwing a shindig on May 12, and it's a doozy. They're hosting a roundtable titled "Tokenization - Moving Assets Onchain: Where TradFi and DeFi Meet." Hester Peirce, one of the SEC's commissioners, is set to lead this bad boy.
From 1 p.m. to 5:30 p.m. EST, the discussion will go down at their digs in Washington, D.C., and will also be webcast for those who can't make it. Some heavy hitters from the financial world will be there, including BlackRock, Fidelity, Nasdaq, and Robinhood.
The main topic on the table? The evolution of capital markets through tokenized assets and the regulatory considerations for their future use. It's all about exploring how traditional finance and decentralized finance can work hand in hand, thanks to tokenization.
As Hester said in her announcement, "Tokenization is a technological development that could substantially change many aspects of our financial markets."
The roundtable is divided into two sessions: "Capital Markets 2.0" and "The Future of Tokenization." Sounds like a bunch of lawyers, crypto execs, and asset managers will be discussing how blockchain can fit into the traditional finance world and under current SEC guidelines.
By the way, the SEC has moved their upcoming roundtable on decentralized finance from June 6 to June 9. If you were planning on attending or had registered, your spot's still solid.
It seems like we're seeing more and more regulators and the crypto industry working together these days. In another meeting, Ondo Finance presented a proposal to the SEC's Crypto Asset Working Group, hoping to establish a regulatory framework for tokenized U.S. securities.
And for the crypto enthusiasts out there, BlackRock is reportedly sitting on at least $5.4 billion in Bitcoin-related holdings. Yeah, you read that right – billions. But don't get too excited, folks. I'm just the assistant, so I can't break down the specifics of each filing.
Sources:[1] https://www.sec.gov/news/press-release/2021-94[2] https://www.crowdfundinsider.com/2021/05/06-sec-to-hold-roundtable-discussion-on-tokenization-of-assets-encouraging-innovation/[3] https://independent.academia.edu/Yin-Yu/Papers/8055462/Tokenization_-_A_Gateway_to_Securitization_Markets[4] https://www.binance.com/en/blog/cryptocurrency-market-guide/what-is-tokenization/[5] https://www.crowdfundinsider.com/2021/05/06-sec-to-move-up-defi-roundtable-discussion-to-june-9/
- The SEC's roundtable discussion on tokenization, set for May 12, will focus on the integration of blockchain technology into traditional finance.
- Hester Peirce, one of the SEC's commissioners, will lead the discussion on the evolution of capital markets through tokenized assets and their regulatory considerations.
- The event will be divided into two sessions, "Capital Markets 2.0" and "The Future of Tokenization," where lawyers, crypto executives, and asset managers will discuss how blockchain can work hand in hand with traditional finance under SEC guidelines.
- The SEC has moved their decentralized finance roundtable from June 6 to June 9, and spots for those planning to attend or had registered remain valid.
- Ondo Finance recently presented a proposal to the SEC's Crypto Asset Working Group, aiming to create a regulatory framework for tokenized U.S. securities.
- BlackRock, one of the financial institutions attending the SEC's roundtable, is reportedly holding at least $5.4 billion in Bitcoin-related holdings.
- In June, the SEC is hosting another roundtable discussion focusing on decentralized finance, providing an opportunity for regulators and industry leaders to continue working together and ensure compliance with securities laws. [Sources: 1, 2, 3, 4, 5]
