TechFlow news — On February 10, according to Ledger Insights, Caroline Butler, Head of Global Digital Assets at BNY Mellon, said at the Ondo Summit in New York that the current regulatory environment for digital assets is improving. She called for a comprehensive overhaul of tokenization regulation to break through the limitations of today's capital markets. She emphasized that future capital markets will revolve around "wallet-based structures," requiring a shift in regulatory models—from being asset-class-centric to use-case-driven.
Butler pointed out that existing regulatory frameworks focus heavily on technological risks and institutional-level controls, but more creative regulatory policies are needed to support disruptive transformation in capital markets. She also noted that, similar to the establishment of central securities depositories in the 1970s, collaboration among regulators could drive significant transformation in market infrastructure.
