Global Standards Needed for Thriving Multi-Trillion-Dollar RWA Sector, Expert Warns
The real-world assets (RWAs) tokenization sector is poised to become a multi-trillion-dollar market. But its growth hinges on the establishment of a unified global regulatory framework, according to Shy Datika, CEO of INX.
Datika, an expert in both traditional and digital finance, emphasizes that such a framework would simplify compliance and reduce costs. However, he acknowledges that this ideal may be difficult to achieve due to varying regulations across jurisdictions.
As a result, industry players must adapt to a fragmented regulatory landscape while pushing for greater international cooperation to harmonize standards and promote innovation.
Clever Robot News Desk 5th September 2024
