Key facts
- CFTC Chair Michael Selig is advocating for the tokenization of real-world assets.
- Selig envisions a more efficient financial system built on tokenization.
- The CFTC is preparing for '24-7, on-chain' markets.
- The SEC has granted an exemption that could allow for on-chain stock trading.
Commodity Futures Trading Commission (CFTC) Chair Michael Selig has expressed strong support for the tokenization of real-world assets, viewing it as a crucial step towards building a more efficient financial system. Selig indicated that the CFTC is actively preparing for the advent of '24-7, on-chain' markets. This push for on-chain infrastructure comes as the Securities and Exchange Commission (SEC) has reportedly granted an exemption that could pave the way for stock trading to occur on-chain.