Citi and DTCC Say Tokenized Collateral Works, Now Regulators Must Keep Pace

Executives from Citi and DTCC stated at the SmartCon conference that while the technology for tokenizing and instantly moving collateral across borders is mature, regulatory harmonization is the primary obstacle to scaling. Citi's global head of digital assets, Ryan Rugg, noted that their tokenized cash system is live in several regions but expansion is slowed by the need for individual regulatory approval in each jurisdiction. Nadine Chakar from DTCC echoed this, citing their 'Great Collateral Experiment' which proved tokenized assets work across time zones, but emphasized that market trust and legal enforceability are now the main barriers, not technology. DTCC is working with entities like SWIFT to establish common standards and protocols. Taurus co-founder Lamine Brahimi urged U.S. institutions to follow Switzerland's lead in establishing clear national standards to avoid fragmentation, as panelists agreed that regulatory catch-up is essential for the 24/7, borderless nature of digital assets to be fully realized.

(Source：CoinDesk)