Australian Securities Commission Chairman Issues Tokenization Warning! Details Here

Australian Securities and Investments Commission (ASIC) Chairman Joe Longo has warned that Australia risks being “left behind” if it doesn’t keep pace with this transformation, stating that tokenization will play a critical role in the future of the country’s financial ￰0￱ Chairman: “Australia Will Be Left Behind If It Doesn't Rapidly Adapt to Tokenization” Longo emphasized that distributed ledger technology (DLT) is transforming capital markets worldwide, and tokenization, which separates assets into smaller, tradable units that enable instantaneous exchange, could trigger a structural revolution in capital markets, he said. However, Longo cautioned that other countries are rapidly advancing: “Switzerland’s digital securities exchange has issued over $3.1 billion in tokenized bonds since ￰1￱ Morgan plans to fully tokenize its money market funds within the next two ￰2￱ aims to launch 24-hour tokenized securities trading by 2026.” In response to these developments, Longo announced that ASIC will relaunch its Innovation Hub ￰3￱ hub will support financial innovation and provide guidance to entrepreneurs facing regulatory ￰4￱ also recently updated its guidance on digital assets, classifying stablecoins, wrapped tokens, and tokenized securities as financial products requiring a ￰5￱ have until June 2026 to comply. *This is not investment ￰6￱ Reading: Australian Securities Commission Chairman Issues Tokenization Warning!

Details Here