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Industry insiders react to FSB DLT report
Yesterday the Financial Stability Board, an international agency coordinating the work of national financial authorities and international standard-setting bodies in seeking consistent financial sector policies, released
What does the industry think of the report’s findings? Several executives share their thoughts below.
Remy Jacobson, founder and CEO of
:
“Tokenization represents a new frontier of financial instruments that will require significant research and development as it marches forward into mainstream applications.
“There are some misconceptions around tokenization that are worth exploring. For example, the concept of a deed is a legal document that represents a property asset. The same is true for a stock or bond certificate. These pieces of paper are accurately called a “token”, if you view a token as a symbol or representative unit of something else. A deed was the first ever “tokenization” of a property,