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International Business Times
International Business Times
Business
Marvie Basilan

House Members Highlight Benefits Of Tokenization In Digital Assets Hearing

United States Bryan Steil Crypto SEC blockchain French Hill Yat Siu Galaxy Digital the House of Representatives
A subcommittee of the House Committee on Financial Services discussed tokenization in the blockchain on Wednesday. (Credit: TheDigitalArtist/Pixabay)

KEY POINTS

  • Rep. Hill said tokenization deserves 'its own distinct conversation and prioritization'
  • Rep. Steil said he believes tokenization can 'transform' community banking systems
  • DTCC's Chakar reiterated the importance of collaboration among stakeholders

Members of the House of Representatives on Wednesday discussed the role tokenized real-world assets (RWAs) can play in the financial ecosystem, with Republican lawmakers expressing support for the emerging blockchain subsector.

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