The Securities and Exchange Commission is set to have a roundtable on May 12 to chat about the growing role of tokenization in financial markets. The event, called “Tokenization — Moving Assets Onchain: Where TradFi and DeFi Meet,” is going down from 1 p.m. to 5:30 p.m. at the SEC’s Washington, D.C. headquarters. It’s also gonna be live-streamed on the web, as per an announcement from the SEC.
Commissioner Hester Peirce will be leading the roundtable, which will have peeps from BlackRock, Fidelity, Nasdaq, Robinhood, and others on the panel. They’re gonna be talking about how capital markets are changing through tokenized assets and what rules need to be in place for their future use.
Peirce said, “Tokenization is a technological development that could substantially change many aspects of our financial markets,” in the announcement. Sounds pretty important, right?
The lineup for the day includes two sessions: “Capital Markets 2.0,” steered by Jeff Dinwoodie from Cravath, and “The Future of Tokenization,” run by Tiffany Smith from WilmerHale. Legal experts, crypto big shots, and asset managers will be there to chat about how blockchain can mix with old-school finance under the SEC’s current frameworks.
The SEC also made a switcharoo for its upcoming roundtable on decentralized finance. The “DeFi and the American Spirit” talk, which was supposed to go down on June 6, is now happening on June 9. Registrations that were already in are still good to go.
These roundtables are happening at a time when regulators and the crypto world are talking more than ever. Ondo Finance, a tokenization platform, even pitched its plan to the SEC’s Crypto Asset Working Group, laying out a regulatory framework for tokenized U.S. securities and asking for measures to back up innovation. Sounds like some interesting stuff is happening in the financial world!
