SEC Chair Paul Atkins: U.S. Financial Markets May Migrate to Blockchain Within Two Years

U.S. Securities and Exchange Commission Chair Paul Atkins said the entire U.S. financial market could migrate to blockchain technology supporting Bitcoin and cryptocurrencies within two years, Fox Business reported. Atkins said the shift toward digital assets, market digitization and tokenization would deliver significant benefits for transparency and risk management. Tokenization represents stocks and assets through tradable blockchain-based tokens, a concept seen as a potential revolution for financial markets.