Yesterday, experts gathered at the Frankfurt Crypto Assets Conference to discuss the state of tokenization in the European Union. The discussions revealed both frustration at the pace of progress and optimism about upcoming developments, particularly regarding the EU Capital Markets Union and wholesale central bank money initiatives.
Tokenization offers several key benefits for financial institutions and markets. James Harris from Standard Chartered’s Zodia Custody highlighted intraday settlement and capital reusability as primary advantages. This reusability refers to faster settlement times enabling quicker asset turnover and capital that can be redeployed for additional trades.
Susanne Reinhold from UBS agreed with these points while emphasizing the significant efficiency gains from automation through smart contracts.
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