Circle CEO: Large financial companies may promote asset tokenization this year

Circle CEO Jeremy Allaire said that asset tokenization will be part of the development of financial companies this year. Tokenization technology, which involves creating a digitized version of an asset and placing it on the blockchain, is likely to see growth this year due to its advantages over traditional financial processes. During a panel discussion titled "The Tokenization Economy," Allaire emphasized that Larry Fink, CEO of BlackRock, one of the world's largest asset management companies,'s endorsement of tokenization technology means that it will be adopted by financial markets sooner or later. . Regarding Fink’s tokenization remarks, Allaire said: “This shows that people believe that tokenization will develop in an important way. We will see some of the largest asset issuers in the world issue tokenized versions of these assets this year. .This is a big deal." Still, Allaire acknowledged the difficulty of dealing with unclear regulatory policies on digital assets in the U.S., with the SEC insisting that many of these tokens are indeed securities. Asked by panellists about the possible application of the “same activity, same risk” principle in digital asset regulation, Allaire said: “It’s crazy. If we applied it to software and the internet, we wouldn’t We have this incredibly prosperous global world today.” (Bitcoin.com)