As per Michael Sonnenshein, the chief operating officer at Securitize, the US digital currency sector is beginning a fresh period, which is being made easier by the Executive Branch. Sonnenshein observed an important change in the Executive Branch’s attitude toward the digital currency sector.
The Biden government has been paying attention to implementation measures, while the Trump government has voiced a desire to work together on creativity. Sonnenshein remarked that the contrast is like night and day. He included that the digital currency sector has been restricted by guidelines. Currently, court actions have been dropped, the Executive Branch has chosen a digital currency head, and the SEC has created a task force that is actively getting together with businesses.
Sonnenshein is of the opinion that this fresh regulating setting is setting the stage for the quick growth of real-world asset tokenization. Securitize runs the biggest tokenization platform to date, and the business has presented almost $2.5 billion worth of assets (from treasury bonds to openly traded stocks) to public blockchains like Ethereum and Polygon. Copper Prospects Achieve Historic Peak as US Levy Analysis Approaches
Sonnenshein stressed that tokenization is more than just blockchain buzz, but it betters the investor experience by providing daily returns, immediate convertibility, and around-the-clock access. He observed that these are special benefits that are not available to investors in standard financial instruments.
He cited the business’s cooperation with BlackRock on the BUIDL tokenized Treasury Fund as an example, observing that the fund is able to provide real-time repayments and is utilized in the DeFi environment. As tokenized Treasuries and stocks broaden, Sonnenshein anticipates this energy to go on throughout the year.
He emphasized the vital necessity for continuous conversations, notably with the approaching shifts in administration at the U.S. Securities and Exchange Commission (SEC). He drew attention to Securitize’s remarkable expansion of more than 500% in the tokenized U.S. Treasury domain, commemorating noteworthy achievements such as the tokenization of publicly-traded Exodus. He also remarked that cooperation with authorities is essential if our goal is to extend entry to Real World Assets (RWAs) or even reconsider the standards for determining who meets the requirements as an authorized financier.
