- The chief executive officer of Digivault has recently predicted that the regulatory clarity will be what sparks the revolution for tokens and cryptocurrency.
- Tokenisation offers significant savings on efficiency and so with this, security tokens seem to be on the brink of rapid adoption within the mainstream.
The chief executive officer of the security token custodian Digivault has recently predicted that the regulatory clarity will be what sparks the revolution for tokens and cryptocurrency.
Tokenisation offers significant savings on efficiency as well as global liquidity pools to existing regulated asset classes and so with this, security tokens seem to be on the brink of rapid adoption within the mainstream.
Roberts Cooper, the CEO of Digivault has discussed the shifting regulatory climate when it comes to security tokens.
Cooper has emphasised the clarification for guidelines when it comes to regulators and security tokens in the UK during 2019. He further said:
“I do believe [regulation] is one of the biggest steps because now that line is in the sand about how regulators want to work with this asset class because they clearly understand it's not going away.”
Looking at his attitude towards security tokens and his excitement for the democratic aspect of this part of the industry, Cooper further said that the future of tokenisation will be changed depending on how big institutions and entities adopt this new kind of technology. He further went on to say:
“It's going to take time for […] some of the larger institutions decide which way they want to tread in the first instance before we see real traction in terms of where we are going to be."