Three small announcements this week say more about where tokenized assets are headed than most of the loud predictions from a year\u00a0ago.<\/p>\n
This week Securitize registered its subsidiary, Securitize Capital, as an investment adviser with the U.S. Securities and Exchange Commission. The goal, according to the company, is to work more closely with asset managers and institutional investors on tokenized vaults and other onchain investment vehicles.<\/p>\n
If you do not spend time around securities law, that might sound like paperwork. It is closer to a company choosing to operate inside the same regulatory perimeter as a traditional asset manager. An investment adviser registration comes with real obligations: fiduciary duty, disclosure requirements, and SEC oversight of how client money gets handled and advised\u00a0on.<\/p>\n
It did not happen in isolation. A few days earlier, Ondo Finance\u2019s broker dealer subsidiary, Oasis Pro Markets, received expanded FINRA authorization to offer tokenized equities, ETFs, mutual funds, and even IPO securities to both retail and institutional investors in the US. Separately, onchain data showed tokenized real world asset activity on Robinhood Chain growing roughly fivefold in under two weeks, driven largely by tokenized versions of well known\u00a0stocks.<\/p>\n
None of these three things are related to each other. What caught our attention is the shape they make together.<\/p>\n
A year or two ago, a lot of the tokenization narrative leaned on a specific idea: that regulation was too slow to keep up with what was possible onchain, and that the advantage belonged to whoever moved first and asked questions later. What actually seems to be happening is regulators building the pathways one filing at a time, with the companies planning to stick around registering for\u00a0them.<\/p>\n
Fensory is a non-custodial platform, meaning your funds stay in an account only you control. Non-custodial has sometimes gotten used as a shortcut for \u201cunregulated,\u201d as if keeping your own keys means nobody is watching the rest of the system. Weeks like this one are a useful reminder that those are two separate questions. You can keep custody of your own assets while the infrastructure around you, the issuers, the advisers, the venues, gets held to real regulatory standards. That is the direction the category is moving in, filing by\u00a0filing.<\/p>\n
We will keep tracking these developments as they come. If you want to see what we are building on top of this, the app is at fensory.com<\/a>.<\/p>\n Tokenization\u2019s Quiet Regulatory Week, and Why It Matters<\/a> was originally published in Coinmonks<\/a> on Medium, where people are continuing the conversation by highlighting and responding to this story.<\/p>","protected":false},"excerpt":{"rendered":" Three small announcements this week say more about where tokenized assets are headed than most of the loud predictions from a year\u00a0ago. This week Securitize registered its subsidiary, Securitize Capital, as an investment adviser with the U.S. Securities and Exchange Commission. The goal, according to the company, is to work more closely with asset managers […]<\/p>\n","protected":false},"author":0,"featured_media":206815,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-206814","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/206814"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=206814"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/206814\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/206815"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=206814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=206814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=206814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}