US SEC Commissioner Advocates For Tokenization Benefits

According to Odaily, US Securities and Exchange Commission (SEC) Commissioner Mark Uyeda has spoken out in favor of tokenization at a global securities regulatory conference. Uyeda highlighted the advantages of tokenization, stating that it could provide a higher level of security, transparency, and immutability for transactions. Furthermore, he noted that tokenization could eliminate the need for most intermediary institutions, thereby simplifying the process and reducing transaction costs. This information was revealed by FOX Business reporter Eleanor Terrett. Tokenization, as advocated by Uyeda, could potentially revolutionize the way transactions are conducted, offering a more streamlined and cost-effective approach.