Trade US stocks like digital tokens soon?

Résumé détaillé

Tokenised US stocks could add crypto-like risks to equity markets, with concerns over trading, ownership and investor protections. Read more at straitstimes.com.

The potential drawbacks include money laundering, insider trading and even theft – as the recent US$6.3 billion Binance hack shows.

The accelerating drive to turn listed company stocks into digital tokens risks introducing crypto-like dangers into the US equity market with few benefits. The potential drawbacks include money laundering, insider trading and even theft – as the recent US$6.3 billion (S$8.1 billion) Binance Holdings hack shows. The only winners would be trading platforms hunting for extra income.

The Securities and Exchange Commission (SEC) plowed ahead with efforts to promote tokenised securities – digital entries of rights or ownership in shares, recorded on a blockchain or distributed ledger – in September, suspending many rules and investor protections for firms trying to develop the market.

Début de l'article, extrait de The Straits Times Business. Pour lire la suite, ouvrez l'article chez le média.