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Bitwise CIO Says US Tokenization Exemption Is Positive but Unlikely to Be Market Focus Soon

Source
JH Kim

Summary

  • Matt Hougan, Bitwise's CIO, said he viewed the US tokenization-related regulatory exemption positively.
  • He said the regulatory exemption was "an interesting move," but is unlikely to become the main venue for market activity in the near future.
  • Hougan expressed optimism about the tokenization market while saying actual market activity may be concentrated elsewhere, and did not mention any specific sector or platform.

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Matt Hougan, chief investment officer at Bitwise, gave a positive assessment of a US regulatory exemption related to tokenization, while saying it is unlikely to serve as the main hub of tokenization market activity for the time being.

Cointelegraph reported on October 30 that Hougan described the US tokenization-related exemption as "an interesting move," but said it is unlikely to be where most market activity takes place in the near future.

He expressed optimism about the measure while adding that actual market activity could be concentrated elsewhere.

Hougan did not specify which sector or platform could become the center of the tokenization market in the future.

Photo: Bitwise
Photo: Bitwise
#Tokenized Assets
#Crypto Regulation
JH Kim

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.

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