Former OCC Acting Administrator: Blockchain is a powerful solution for recording and securitizing mortgages
During the Washington Fintech Cycle, former Acting Comptroller of the Currency (OCC) Brian Brooks stated that blockchain is a powerful solution for recording and securitizing mortgage loans. He believes that blockchain can serve as the ultimate mortgage registry, reducing costs and providing tokenized mortgage-backed securities (MBS) support for a wider range of investors, ultimately improving liquidity. Brooks believes the biggest risk is adoption being slow and states, "To me, blockchain feels a lot like the emergence of smartphones, or the emergence of commercial internet, or even the emergence of CD players, which were seen as risky, and we have to overcome that."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Australian Court Overturns License Ruling Against Block Earner, Sides with Fintech in Landmark Crypto Case
In a significant legal win for Australia’s crypto and fintech industry, the Federal Court has overturned a previous ruling that required digital finance firm Block Earner to obtain a financial services license for its discontinued fixed-yield crypto product.

Symbiotic Raises $29 Million to Build Universal Staking Coordination Layer
Symbiotic, a decentralised finance (DeFi) protocol, has secured $29 million in a funding round led by Paradigm and cyber.Fund.

Bitcoin Surpasses Amazon, Approaches Google’s Market Cap

Michael Saylor Backs New SEC Chair for Bitcoin Growth

Trending news
MoreCrypto prices
More








