Tokenization Has a Wall Street Story. It Still Needs a Main Street One.
Today’s (March 25) House Financial Services Committee hearing on “Tokenization and the Future of Securities” reflects how far the conversation about digital assets, securities law and institutional custody frameworks has traveled in a remarkably short time. The committee memorandum indicates that lawmakers are examining regulatory gaps, investor protection, market integrity and capital formation, a scope that would have been difficult to imagine in a congressional setting only a few years ago.