“…if the record of ownership lives onchain…”

The SEC Already Told You Which Kind of Tokenization Is Real Strip the footnotes off the staff statement three SEC divisions put out on January 28 and here is the whole thing in one line: if the record of ownership lives onchain, a tokenized security is just a security in a new format, and theContinue reading ““…if the record of ownership lives onchain…””

Europe Can’t Build Its Way Out of This Problem by Committee

Thirty-seven banks. Fifteen countries. One quote that explains everything. Today CoinDesk reported that Qivalis, a European bank consortium building a euro-backed stablecoin, has tripled its membership to 37 financial institutions across 15 countries. ABN AMRO, Rabobank, Intesa Sanpaolo, Nordea…real names, serious capital. They are targeting a MiCA-compliant euro stablecoin launch in the second half ofContinue reading “Europe Can’t Build Its Way Out of This Problem by Committee”

Tokenization’s Real Value is not 24/7 Liquidity

Tokenization’s Real Value Isn’t What You Think Everyone’s celebrating 24/7 liquidity as the breakthrough benefit of tokenizing real-world assets. And yes, in a world where markets and news cycles never sleep, continuous trading access matters. But if you’re a retail investor cheering loudly right now, history suggests you should be careful what you wish for.Continue reading “Tokenization’s Real Value is not 24/7 Liquidity”

Operation Chokepoint 0.1

I have used ARHAIK.com as a personal blog for a number of years. Much of the writing was from 2016 – 2018. The below post is from Feb 2018. I wish I had coined the term Operation Chokepoint at that time. In another example of how global regulators are using lessons learned from the retailContinue reading “Operation Chokepoint 0.1”