Cryptocurrency

Former SEC chair Jay Clayton: ‘Tokenisation has huge potential’

Blockchain could bring more efficient settlement, the ex-boss of the US regulator tells FN, but laws need to stay in place

‘There are aspects of our financial infrastructure that are overdue a technological upgrade’ according to Clayton
‘There are aspects of our financial infrastructure that are overdue a technological upgrade’ according to Clayton Photo: John Lamparski/Getty Images

Former Securities and Exchange Commission chair Jay Clayton is backing blockchain to bring technological innovation to financial services.

“The opportunities for growth in blockchain are massive. This technology has the potential to bring efficient settlement to financial assets in a higher interest rate environment,” Clayton told Financial News.

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