The U.S. is rapidly adopting tokenization.
This week delivered significant moves from SEC leadership, regulators, and major fintech companies all making headlines in the tokenization space.
Here's what you need to know. 👇
1️⃣ SEC Chairman Paul Atkins mobilizes agency for crypto leadership.
"We are mobilizing at the SEC across our divisions and offices," said SEC Chairman Paul Atkins, committing the agency to President Trump's vision of making America the crypto capital of the world.
2️⃣ SEC Commissioner Hester Peirce is open to US equity tokenization.
SEC Commissioner Hester Peirce signaled on a Bloomberg TV interview that she welcomes tokenization firms' efforts to tokenize the US stock market and is willing to work with them.
3️⃣ Stripe is developing its own blockchain, Tempo, in partnership with crypto VC firm Paradigm.
The fintech giant Stripe is developing Tempo, a high-performance payments-focused blockchain, in partnership with Paradigm. The project will be led by Matt Huang, Paradigm's cofounder and managing partner who also sits on Stripe's board.
4️⃣ Circle announces its own L1 blockchain Arc.
Circle has announced Arc, its own L1 blockchain purpose-built for stablecoin finance. The chain will use USDC as native gas and boast a built-in FX engine, instant finality, opt-in privacy and full platform integration according to the press release.
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