Australian ASIC chairperson warns of conservative attitude towards tokenization or missed opportunities
2025-11-07 06:04:26
Speaking at the National Press Club on Wednesday, Joe Longo, chairperson of the Australian Securities and Investments Commission (ASIC), warned that Australia's capital markets would lag behind global competition if it did not embrace new technologies such as asset tokenization, Cointelegraph reported. Longo said distributed ledger technology could revolutionize capital markets, while global tokenized assets are expected to reach $2-16 trillion by 2030. In response to the challenge, ASIC will restart its innovation hub to support fintech startups in meeting regulatory challenges.
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