Traditional securitization carries recurring fees across transfer agents, paying agents and trustees. Each a separate intermediary with its own ongoing cost. The ECB, HKMA, WEF and GFMA have all now published data on what tokenization does to that number. @sagarCBO on what the cost case actually l

@arrington_cap·2026年6月9日·正面

AI 摘要

Tokenization reduces recurring intermediary fees in traditional securitization, as documented by the ECB, HKMA, WEF, and GFMA.