CFTC Chairman Michael Selig sent a clear signal at the U.S. Treasury market conference: the U.S. market needs to prepare for "large-scale tokenization," on-chain finance, and 7×24 trading. He stressed that this is his personal judgment as chairman and does not represent the Commission’s official position.
His view is straightforward: tokenization will reshape every asset class the way trading on in-person, hand signals shifted to electronic trading years ago. Securities, commodities, and collateral can all settle on the blockchain nearly instantly, and collateral can flow in real time between the clearinghouse, intermediaries, and end users.
The action has already begun. This year, the CFTC included certain payment-type stablecoins issued by National Trust Bank as eligible tokenized collateral. The SEC also granted a five-year, conditional exemption for tokenized securities venues on September 17, allowing certain platforms to trade digitized versions of U.S. stocks under defined conditions. Both sides worked around the stalled congressional agenda, using existing authorities to move forward.
As the highest level of derivatives regulation starts to seriously discuss 24/7 markets and on-chain settlement, the focus is already on how to connect the dots.$BTC $ETH #代币化 #RWA
His view is straightforward: tokenization will reshape every asset class the way trading on in-person, hand signals shifted to electronic trading years ago. Securities, commodities, and collateral can all settle on the blockchain nearly instantly, and collateral can flow in real time between the clearinghouse, intermediaries, and end users.
The action has already begun. This year, the CFTC included certain payment-type stablecoins issued by National Trust Bank as eligible tokenized collateral. The SEC also granted a five-year, conditional exemption for tokenized securities venues on September 17, allowing certain platforms to trade digitized versions of U.S. stocks under defined conditions. Both sides worked around the stalled congressional agenda, using existing authorities to move forward.
As the highest level of derivatives regulation starts to seriously discuss 24/7 markets and on-chain settlement, the focus is already on how to connect the dots.$BTC $ETH #代币化 #RWA
