Fascinating article by Yogita Khatri & team at The Block on how SEC Chairman Jay Clayton believes someday all stocks could become tokenized. Highlights: “Jay Clayton, chairman of the U.S. Securities and Exchange Commission, thinks that all stocks could become tokenized one day.
Clayton said all stock trading is today electronic, compared to 20 years ago. In the past, there were stock certificates, & today there are digital entries representing stocks. “It may be very well the case that those all become tokenized,” said Clayton.”
From our corner of the market, this is music to our ears. Inveniam provides data integrity and facilitates price discovery on commercial real estate assets, private equity or municipal bonds. All this is done to create a better “mark”, or price, of that asset. Which can lead to cheaper borrowing costs, greater liquidity & enhanced transparency. Privately-held assets will be digitally de-materialized (tokenized) leading to greater democratization of the global financial marketplace.
We applaud the SEC’s forward-looking vision & leadership about principle based rules for an ever-changing tech landscape. It’s remarkable to think about the progress around blockchain over the past few years. Thanks to The Block for great reporting on an important topic.