Cosmos CCO Says Banks Are Exploring Tokenized Securities Beyond Payments

Cosmos Chief Commercial Officer Eran Barak said banks are looking beyond payments at tokenized securities and collateral, pointing to wider institutional interest in blockchain-based financial products.

Interest also extends to tokenized collateral and repo. Privacy and governance remain challenges for the industry.

The SEC’s Sept. 17 order creating exemptions for tokenized securities venues established temporary, conditional exemptions for certain venues and liquidity providers.