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SEC Conference Discusses Digital Assets & Tokenization
- The U.S. Security and Exchange Commission’s conference on Emerging Trends in Asset Management featured a panel discussion on digital assets and tokenization.
- Mike Muir from Franklin Templeton Digital Assets discussed how they launched a tokenized money market fund in 2021, the Franklin OnChain U.S. Government Money Fund.
- Franklin Templeton utilized blockchain technology to process transactions and record share ownership for their fund.
- Blockchains allow real-time ownership tracking, reducing reconciliation concerns in financial services.
- Tokenization on a blockchain streamlines collateral movement, enhancing capital efficiency and reducing risk.
- Providers like Copper facilitate posting collateral for crypto derivatives efficiently through tokenized funds.
- Blockchain implementation can improve risk and operational issues in trading, as seen in Copper's collateral movement process.
- The 'Great Collateral Experiment' by DTCC showed how tokenized collateral can enhance collateral management and risk mitigation in global markets.
- DTCC aims to create scalable infrastructure to leverage the benefits of decentralized finance and expand global liquidity pools.
- Institutional acceptance of digital assets and tokenization is progressing, with efforts to standardize tokens across jurisdictions for wider adoption.
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