Tokenization allows a designated cryptocurrency asset — similar to bitcoin — to represent a single security, such as a stock, or a basket of securities, like a fund or an ETF. A handful of firms have begun exploring the idea.
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Cryptocurrency ETFs under active consideration, says SEC chair
WisdomTree, meanwhile, has bet big on tokenised investments by leading a venture capital funding round of secure token developer Securrency. Tokenised investments are “an opportunity to do something better than the ETF”, chief executive Jonathan Steinberg said during a separate panel at the same Chamber of Digital Commerce event, which was held on October 1.
