FDIC Vice Chair Calls for Crypto Regulatory Clarity, Says Tokenization Enables ‘Far-Reaching’ New Functions
The tokenization of real-world assets offers “far-reaching” new functions, according to Travis Hill, the vice chair of the U.S. Federal Deposit Insurance Corporation (FDIC). In a new speech at the Mercatus Center, Hill says real-world asset tokenization offers programmability, the ability to hard-wire value transfers that automatically self-execute when certain conditions are satisfied. Tokenization also...