Wall Street is increasingly recognizing the potential of tokenization, the process of converting real-world assets into digital tokens on the blockchain, as discussed in "Morning Money". This shift, often referred to as the crypto-utopian dream, includes its capacity to facilitate easier public access to assets while raising significant policy questions, particularly around maintaining Anti-Money Laundering (AML) obligations. BlackRock has introduced a token, the Blackrock Institutional Digital Liquidity Fund (BUIDL), which operates as a money market fund trading on-chain, albeit restricted to qualified institutions. The movement towards tokenization, though still in its early stages within legitimate finance, is seen as a significant development that requires close monitoring and regulation, as highlighted by @RyanSAdams @BanklessHQ and discussed in @politico. The concept of using blockchain as a public distributed ledger for representing ownership is being touted as a superior method by Securitize CEO @carlosdomingo, prompting a reevaluation of traditional asset management and ownership. The impact of BlackRock and Securitize's new digital assets fund on tokenization and regulated markets is discussed by @pgaff_digital of @tokenadvisors.
In this week's Crypto Long & Short, @pgaff_digital of @tokenadvisors discusses the impact of @BlackRock and @Securitize's new digital assets fund on tokenization and regulated markets . https://t.co/pz011IVnHF
Securitize CEO @carlosdomingo talks about the tokenization of real world assets on @politico. “The whole idea is that blockchain as a public distributed ledger is a better way of representing ownership of things.” https://t.co/JRkoWLEQXQ
In @politico #MorningMoney @Zachary our Legal Director Steve Hall comments on the movement known as tokenization. "this application of technology has a limited track record in anything resembling legitimate finance, it needs to be closely monitored and regulated because serious…
I agree with @RyanSAdams @BanklessHQ, This is a very big deal. #Blackrock has issued a token (Blackrock Institutional Digital Liquidity Fund, "BUIDL") that functions as a money market fund, which is a security trading onchain. While BUIDL is restricted to qualified institutions… https://t.co/wfL0hm4ExV
Wall Street’s beginning to embrace the crypto-utopian dream of tokenization — the idea that “real-world” stuff should be on blockchain — and it’s raising a host of new policy questions for Washington. Morning Money has a primer. https://t.co/STLX6ZYQCz
Reading Morning Money, talking about the appeal of "tokenization" or putting real world assets on the blockchain. The two highlighted parts feel like a deep tension. Can large institutions maintain AML obligations while solving for easier public access? https://t.co/QELpFOEoRB https://t.co/CZd3Jn9OFX