Blockchain
Franklin Templeton CEO: Blockchain offers major cost savings for tokenization
Franklin Templeton’s CEO, Jenny Johnson, is optimistic about the potential of blockchain technology to drive cost savings and efficiency gains across various industries. Johnson believes that blockchain’s ability to streamline processes and reduce friction in transactions makes it a compelling solution for businesses looking to optimize their operations.
One area where blockchain technology can have a significant impact is in the realm of asset tokenization. By digitizing real-world assets and representing them as tokens on a blockchain, companies can unlock new opportunities for liquidity, fractional ownership, and accessibility to a wider range of investors. This tokenization process can lead to cost savings by reducing administrative overhead, eliminating intermediaries, and streamlining transaction processes.
Johnson also highlighted the potential for blockchain technology to improve transparency and trust in financial markets. By leveraging blockchain’s immutable ledger technology, companies can provide stakeholders with real-time access to verified data, reducing the risk of fraud and manipulation.
Furthermore, Johnson emphasized the importance of regulatory clarity and collaboration in driving blockchain adoption. She believes that clear regulatory frameworks will help businesses navigate the complexities of blockchain technology and unlock its full potential.
Overall, Franklin Templeton’s CEO sees blockchain as a transformative technology that has the power to revolutionize various industries, including finance, real estate, and supply chain management. By embracing blockchain innovation, businesses can drive cost savings, improve efficiency, and enhance transparency, ultimately delivering value to shareholders and customers alike.
Source: cryptobriefing.com
The post Franklin Templeton CEO: Blockchain offers major cost savings for tokenization appeared first on HIPTHER Alerts.
The European Union’s landmark MiCA regulation is set to transform the crypto industry, establishing stringent standards that many current Virtual Asset Service Providers may find challenging to meet. As MiCA compliance becomes the standard for operating within the European Economic Area, crypto exchanges and asset companies must take prompt action to align their operations with these comprehensive regulations.
To support businesses in navigating this significant transition, an exclusive webinar “Adapt or Die: The Urgent Shift from VASP to MiCA” will be held on Tuesday, November 19th, 2024, at 5:00 PM (CET) time.
This session is designed to provide industry professionals with practical insights and strategies to ensure their software and operations comply with MiCA standards.
Key highlights of the webinar include:
● Detailed analysis of MiCA regulations and their implications for the crypto sector.
● Actionable steps for software adaptation to achieve MiCA compliance.
● Case study feature: How Kyrrex achieved MiCA readiness using solutions from Simplify Labs.
● Practical tools for Anti-Money Laundering, Know Your Customer processes, cybersecurity, and transaction monitoring.
The webinar will be useful for CEOs, COOs, Compliance Officers, Regulatory and Legal Professionals, Tech Managers, and Investors looking to enter or expand within the EEA market. Attendees will gain the knowledge and tools necessary to adapt and thrive under the new MiCA regulatory framework.
Featured speakers:
Vadim Rozov, CEO at Simplify Labs, brings over 20 years of management and software development experience. Under his leadership, the company is dedicated to simplifying crypto and blockchain technology, making it accessible for non-technical founders and management teams.
Kevin Plumpton, CEO at Kyrrex, is a warranted advocate with extensive expertise in finance, business, property, and international law. He specializes in corporate governance, risk, and compliance legislation, and is a prominent figure in the Anti-Money Laundering and Counter Financing of Terrorism fields. He is recognized for developing innovative KYC and due diligence platforms utilized by leading organizations.
“The crypto industry is at a critical juncture where understanding and adhering to MiCA regulations is essential for continued growth and market access,” said Kevin Plumpton, CEO at Kyrrex. “Events like these are vital for bringing together industry leaders to share knowledge and best practices, ensuring businesses can adapt effectively and sustain their operations.”
Franklin Cachia, Executive Director at CSB Group, is an accomplished professional who advises clients on taxation, financial services, AML compliance, and corporate law, among other areas. His broad expertise also encompasses gaming, GDPR, and property law.
The post Adapt or Die: The Urgent Shift from VASP to MiCA appeared first on .
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