The Problem with Tokenization? “Marketplaces Just Aren’t There”

The Finance Magnates Barcelona Trading Conference started the afternoon off with a bang. Five panelists–Pilipp Pieper, Bilal El Alamy, Yoni Assia, Roel Wolfert, and Carlos Domingo, sat alongside moderator Ziv Keinan, securities expert and dgital assets lawyer, for a panel on the present and future of Security Tokens.

Philipp Pieper said that “now is the time to untangle financial services” with tokenization.

He explained that the things that tokenization can bring to the securities space constitute a “3-legged stool”: access, liquidity, and efficiency.

Using asset tokenization, “we can collapse the process of compliance and documents from one way to another”, he said. In other words, the process of buying and selling assets can be simplified from beginning to end–which, Piepper noted, is an improvement” to regulators’ current state of affairs.

Yoni Assia, CEO of eToro, pointed out that while this may be true in the future, the act of tokenizing an asset as this moment in times often involves jumping through endless regulatory hoops. Indeed, the current state of affairs is “very tedious work, very high cost,” he agreed. “But suddenly, if you want to do security tokens, you need twice the amount of lawyers.” Read More at FinanceMagnates...


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