Financial Services Chairman French Hill says tokenization is happening in real time

  • French Hill said real securities are being tokenized within the traditional financial system.
  • Hill described tokenization as an active process rather than a theoretical prospect.
  • FIT21 and CLARITY Act deliberations previously treated tokenization as a future possibility.

French Hill, Chairman of the US House Financial Services Committee, said asset tokenization has moved from a futuristic concept discussed during FIT21 and CLARITY Act deliberations to an active process. He said real securities are being tokenized now, including within the traditional financial system, highlighting a shift in US lawmakers' view of digital-asset infrastructure from a future possibility to a present-day reality.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.