[Australian Regulatory Chief Warns: Failure to Embrace Asset Tokenization Will Be a 'Missed Opportunity'] According to Cointelegraph, Joe Longo, Chairman of the Australian Securities and Investments Commission (ASIC), stated at the National Press Club that if Australia does not actively promote asset tokenization, its capital markets risk being surpassed by other countries, becoming a 'land of missed opportunities.' He cited BCG's prediction that the global on-chain physical asset tokenization market could reach $16 trillion by 2030 and revealed that JPMorgan plans to tokenize $730 billion in money market funds within the next two years.