Benefits of tokenization according to SEC's Paul Atkins: - Transparency: Companies currently don't even know who owns their stocks. Onchain tokenization provides insight into holder dynamics. - Instant settlement: No T+1 long-term settlements. - De-risking the markets due to decreased gap between clearance and settlement, and then delivery and payment. "Do you think this (tokenization) is where financial services are going? Are banks moving to tokenization?" "Oh, absolutely," said SEC's Paul Atkins. And it's not happening in a decade. It's happening in a couple of years. Plus, the SEC will announce an 'innovation exception' allowing companies to experiment with proof of concept to see if they achieve PMF without facing the legal suppression that crypto has suffered in the past.(Ignas | DeFi)