Tokenization in Financial Markets: Fed Governor Weighs Opportunities Against Systemic Risks

TLDR: Fed Governor Cook supports fractional ownership tokens as a tool for expanding capital market access in emerging economies. U.S. tokenized assets surpassed $25 billion, more than doubling in market capitalization within a single year. Smart contracts can automate margin calls and collateral substitutions, reducing manual steps and operational costs. Around-the-clock blockchain trading could accelerate [...]

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