CFTC's Seliger Urges Preparation for Asset Tokenization Expansion

Michael Seliger, the chairman of the CFTC, emphasized the need to prepare for the large-scale expansion of asset tokenization. He analyzed that buying tokenized stocks is different from investing in the growth of tokenization businesses. Seliger predicted that 24/7 trading would rapidly change financial markets. McKinsey expects the market for tokenized financial assets to reach approximately $2 trillion by 2030. Holding tokenized stocks exposes investors to changes in asset value, but the profits of related companies do not necessarily return to stockholders. Instead, as blockchain networks and transactions increase, service fees and transaction fees may arise. The scale of tokenized stocks on the Solana network is $491.1 million, which can be traded frequently due to its fast transaction speed and low costs. However, the increase in the value of SOL does not necessarily correlate with an increase in trading. Robinhood also launched the 'Robinhood Chain' mainnet in July this year, and the growth of related businesses may impact stock investors. In August, the fees for the Robinhood Chain increased from $6.7 million to $35.2 million by early September. However, the distribution of fees and the sustainability of trading volumes need to be verified. The growth of the tokenization market, the profits of specific companies, and the rise in coin prices must be validated separately.