Tutti gli Insights

Do Not Release the Cash Until the Asset Moves: What Tokenised Deposits Reveal About Mortgage Settlement

The UK's tokenised-deposit remortgage pilot makes conditional cash release concrete. But a payment event, repayment of the old loan, discharge of a charge and registration of a new one require different evidence. In a remortgage, the property owner can remain the same while the financing changes.

Leggi articolo →

The Token Cannot Have Its Own Reality: What the SEC’s New Stock Rules Reveal About Asset Identity

The US Securities and Exchange Commission has created a five-year conditional exemption allowing limited on-chain trading of tokenised NMS stocks on Tokenized Securities Venues. The conditions make the underlying infrastructure lesson unusually explicit: a tokenised stock must provide the same rights and privileges as the equivalent traditional share, issuers can object to unaffiliated third-party tokenisation, smart contracts must be public and auditable, and trading in the tokenised stock...

Leggi articolo →