US regulatory limbo is pushing tokenization firms to Europe, UAE and Asia.
Edwin Mata (Brickken CEO) says the US is still critical for tokenization—deep capital markets, institutional money—but the CLARITY Act is stalling under Dem control. Firms planning multi-year expansions can't justify costs without clear rules.
Where the money's moving:
• UAE: Direct regulator engagement with crypto firms
• Europe: MiCA framework already live
• Singapore/Hong Kong: Institutional activity heating up
Brickken ($660M+ tokenized assets, 40+ countries) still eyeing the US but won't rush in. Legal structuring, compliance, distribution = expensive. They need clarity on tokenized securities treatment before committing.
SEC's Innovation Exemption (Sept launch) allows tokenized stocks in permissioned pools—but it's temporary. Doesn't solve long-term compliance questions around custody, investor eligibility, secondary trading.
Demand is expanding beyond crypto into private markets, real estate, alternatives. But putting an asset onchain doesn't erase securities laws.
Mata expects progress in 2 years. Timing unclear. Meanwhile, capital flows where rules are clear.
Edwin Mata (Brickken CEO) says the US is still critical for tokenization—deep capital markets, institutional money—but the CLARITY Act is stalling under Dem control. Firms planning multi-year expansions can't justify costs without clear rules.
Where the money's moving:
• UAE: Direct regulator engagement with crypto firms
• Europe: MiCA framework already live
• Singapore/Hong Kong: Institutional activity heating up
Brickken ($660M+ tokenized assets, 40+ countries) still eyeing the US but won't rush in. Legal structuring, compliance, distribution = expensive. They need clarity on tokenized securities treatment before committing.
SEC's Innovation Exemption (Sept launch) allows tokenized stocks in permissioned pools—but it's temporary. Doesn't solve long-term compliance questions around custody, investor eligibility, secondary trading.
Demand is expanding beyond crypto into private markets, real estate, alternatives. But putting an asset onchain doesn't erase securities laws.
Mata expects progress in 2 years. Timing unclear. Meanwhile, capital flows where rules are clear.