Blockchain Association Backs SEC's NMS Overhaul, Sees Tokenization Benefits

The Blockchain Association has expressed its support for the SEC's proposed overhaul of the National Market System (NMS), citing potential benefits from tokenization.

Tokenization, a process that converts traditional assets into digital tokens on blockchain platforms, is gaining traction in the financial industry. The association believes that NMS reform could unlock new opportunities for tokenized products.

Regulated gateways like OpenEden are making it easier for investors to gain exposure to real-world financial products through blockchain, focusing on transparency and institutional safeguards.

The SEC's proposed rule change has sparked interest among market players. Cboe BZX Exchange recently filed a proposal to list 3x daily Bitcoin and Ether ETFs, which would be the first of their kind in the US if approved.