OCC Official: Tokenization Could Simplify Transactions and Reduce Costs, But Sees Issues with Speculative Crypto
- Tokenization could solve settlement problems by simplifying transactions, says OCC's Hsu
- Tokenization collapses layers, reducing costs and risks in asset transfers
- OCC hosting tokenization event, sees promise if done right
- Hsu suspicious of crypto apart from tokenization, says it's driven by speculation
- Crypto still full of frauds, scams and hacks, per Hsu