TMX’s CEO wonders if tokenization is a ‘solution looking for a problem’
While acknowledging the potential of tokenizing securities, John McKenzie said regulators shouldn’t move too fast, and let customer demand drive adoption.
During the Q3 earnings call season, tokenization has been a prominent topic for several CEOs. In recent weeks, BlackRock’s Larry Fink has taken an aggressive, pro-adoption stance; Nasdaq’s Adena Friedman, on the other hand, has taken a more moderate, though still pro, position.
TMX Group has also been exploring the virtues of tokenization, with pilot projects to explore tokenized securities being traded on the exchange and for custody and clearing. The exchange operator’s CEO, John McKenzie
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