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🇺🇸 SEC CHAIRMAN PAUL ATKINS: TOKENIZATION WILL BE THE FUTURE OF FINANCE 🔸 Tokenization means putting assets such as stocks on the blockchain in the form of tokens to make it more transparent because businesses can know exactly who is holding their shares. 🔸 Blockchain can shorten the payment time from T plus 1 to T equal to zero to help reduce risk and make the market safer faster. 🔸 Major banks and brokerage firms have begun to move to tokenization and Chairman Atkins said that the entire financial system could change in just the next few years. 🔸 He said that the SEC used to hinder innovation, but at that time, the United States wanted to apply blockchain to keep the leading position.
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