Cryptocurrencies
Asian Financials Group Sets Roadmap for Tokenized Securities
- Nomura, Standard Chartered are among the association members
- Increased regulation of sector will help demand, group says
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A group representing some of Asia’s largest asset managers and financial services companies has published a paper examining a future in which tokenized securities are part of the mainstream institutional toolkit, while also calling on additional regulatory clarity to pave the way.
Tokenized securities -- essentially, financial assets such as stocks or bonds with a digital wrapper whose transactions are registered in a blockchain -- have the potential to become a useful new tool for financial firms under the right circumstances, according to the report from the Asia Securities Industry and Financial Markets Association.