The willingness for Tokenized ETF is shown by the SEC Chairman Jay Clayton
Crypto Business World
CBW -External Analyst
Oct, 14 2020
In the recent interview, the chairman Jay Clayton has recently announced that the concept of tokenized exchange-traded fund will soon be launched. The regulation of the same will be given a try by the Securities and Exchange Commission. With the progressive development which is occurring, thatClayton has been seeing a good future with Tokenized ETF.
Understand more of Tokenized ETF
For those who are not aware about Tokenized ETF, well these days blockchain is considered to be important for securities trading.Nasdaq Linq blockchain was first used for conducting the private market securities which took place in the year 2015.recently, the Australian Securities Exchange also announced the pans of shifting the whole exchange solution to the blockchain. The world of cruse is adopting this technology and it has become crucial to investigate benefits of the tokenized securities to reduce internal costs and seem to create new products while existing shareholders can get increased value.
With the recent update that Clayton has shared in the Webinar with Chamber of Digital Commerce that took place, he clearly expressed his willingness to explore different ideas by which sticks can be tokenized. It has also been reported that several actions are already being taken by the regulatory body that would soon be showing a time when such idea will transform into a reality.
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