Yesterday, Acting Comptroller of the Currency Michael J Hsu, gave a talk about cross border crypto-asset regulation as part of a Financial Stability Board (FSB) workshop. At the end of his remarks, he posed the question of the link between blockchain and tokenization.
“Crypto advocates have cited tokenization as a key use case. But if blockchains are not necessary to achieving that, one wonders what the future landscape of tokenized real-world assets and liabilities might look like, and what the financial stability profiles of different scenarios might be,” he said.
It’s not the first time he’s noted that tokenization doesn’t have to use blockchain.
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