International Organization of Securities Commissions to focus on asset tokenization
International Organization of Securities Commissions (IOSCO) stated in its 2024 strategy that the organization is shifting its focus to tokenization and will prioritize tokenization use cases specific to securities markets and distributed ledger technology. IOSCO aims to reach a consensus among its members on the adoption and current use cases of tokenization of securities market assets and analyze whether further policy direction is needed.
Cryptocurrencies have become a top priority for IOSCO. The organization plans to develop an assessment method in the second half of this year and update its 2020 report on investor education for retail investors in cryptocurrency assets. According to the new strategy, the International Organization of Securities Commissions also plans to explore some of the challenges brought about by artificial intelligence.
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