The U.S. Office of the Comptroller of the Currency (OCC) will host a symposium on tokenization in February 2024 aimed at initiating public dialogue on the transformative potential of tokenizing “real world” financial assets and liabilities, with particular emphasis on “ Responsible Innovation" lays the foundation.
Hyun Song Shin, Economic Advisor and Head of Research at the Bank for International Settlements (BIS), will deliver a keynote speech at the seminar. Panel presentations will explore the legal basis of tokens, tokenization use cases, risk management considerations, and economic research on tokenization.
It is worth mentioning that the OCC has always discouraged banks from participating in cryptocurrency business. In early 2023, the OCC joined two other bank regulators in issuing a collective statement warning banks about potential risks associated with cryptocurrencies. (Cointelegraph)