EU suppose rush tokenization under MiCA make e fit match US and UK
ESMA executive director Natasha Cazenave talk say tokenization na important innovation for conference wey dem call “Capital Markets in the Digital Age” wey happen for Dubrovnik. She encourage EU make dem use Markets in Crypto-Assets Regulation (MiCA) to fit dey on top inside US and UK developments. Tokenization of real-world assets get power to open market access, reduce how much e go cost to issue asset and make secondary trading fast plus e fit carry compliance and make real-time supervision possible. But e still get wahala like illiquidity, interoperability and regulatory no clear. Worldwide tokenized assets market now dey around $600 billion, na Coinbase, Kraken and Robinhood dey push am plus asset managers like BlackRock and Fidelity. EU dey responsible for over half the tokenized fixed-income issuances for 2024. Cazenave talk say make dem quickly create law wey go improve transparency, better cross-border work and protect investors so EU no go dey behind other big Tier-1 areas.
Bullish
Regulatory endorsement from ESMA plus clear roadmap under MiCA dey show say legal certainty strong well well and say institutions dey reason tokenized assets. History don show—like how market sweet pass for MiCA first passage—clear rules dey attract money and make di traded volume big. Short term, better supervision fit make market no dey shak as much and fit build people trust; long term, easier way to issue tokens plus better cross-border work fit make market deep and liquid, e go make people dey optimistic about tokenization projects and related tokens.