Australia must move faster on tokenization or risk losing business to overseas markets, the chair of the Australian Securities and Investments Commission has warned.

According to a speech delivered on November 5, ASIC Chair Joe Longo urged regulators, firms and investors to act now, saying the country must “seize the opportunity or be left behind.”

The comment came as global firms and some exchanges push ahead with tokenized securities and bonds.

Why Tokenization Matters

Tokenization breaks big assets into smaller pieces and can cut settlement times, which makes them easier to trade. Based on reports, some international platforms have already seen significant volumes: one exchange has recorded about $3.1 billion in tokenized bond issuances since 2021.

Big banks are planning moves t

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