SEC Chair Says Tokenization Could Transform U.S. Financial System Within "Couple of Years"
The U.S. financial system may transition to blockchain far sooner than many expect, according to SEC Chair Paul Atkins. Tokenization, the process of converting assets into digital tokens on a blockchain, is poised to revolutionize traditional finance. Atkins' remarks underscore the accelerating institutional adoption of distributed ledger technology.
Regulatory clarity remains a critical hurdle, but the SEC's forward-looking stance signals growing acceptance of crypto-native innovations. Market participants are increasingly betting on blockchain's potential to streamline settlements, reduce counterparty risk, and unlock liquidity in illiquid assets. The timeline of "a couple of years" suggests regulators anticipate rapid infrastructure development.
