00:00It's Benzinga, bringing Wall Street to Main Street
00:02Nasdaq CEO Adina Friedman said tokenization could free up tens of billions of dollars in capital
00:07tied up in assets used as collateral across the global financial system, according to CNBC.
00:13Tokenizing treasuries, equities, money market funds, and the flow of money could make collateral
00:18more liquid, Friedman told CNBC at the Token 2049 conference in Singapore.
00:23Tokenization converts financial assets like stocks and bonds into digital tokens transferable
00:28through blockchain technology. Friedman said institutional interest has grown over the past
00:32year and is converging with retail demand for around-the-clock trading. Moving to 24-7 markets
00:37would require financial institutions to manage risk and collateral continuously with systems
00:42operating in real time. Friedman said artificial intelligence is critical to manage that transition.
00:47For all things money, visit Benzinga.com.
