TechFlow, Nov. 7 — According to Cointelegraph, ASIC Chair Joe Longo warned on Wednesday at the National Press Club that Australia's capital markets risk falling behind global competitors if the country fails to embrace new technologies such as asset tokenization. Longo stated that distributed ledger technology could revolutionize capital markets, with global tokenized assets projected to reach $2–16 trillion by 2030. To address these challenges, ASIC will relaunch its innovation hub to support fintech startups in navigating regulatory hurdles.
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