The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.
Fintech

Goldman-backed Circle sees tokenization coming to all markets

Undeterred by the SEC’s recent disapproval of bitcoin ETFs or cryptocurrency price falls, Circle is intent on building a framework for the tokenization of finance with its stablecoin as the next big step.



cryptocurrencies-row-200

On August 22, the US SEC disapproved rule changes requested by two exchanges – NYSE Arca and Cboe BZX – that would have allowed them to trade shares of various exchange-traded funds (ETFs) that go long and short bitcoin futures. Excitement had been growing in the crypto world that the arrival of such ETFs would herald a new era of widespread investment in cryptocurrencies, given the patina of respectability that comes with trading on regulated exchanges.

By turning down the exchanges’ attempts to list such vehicles, the SEC appears to have delivered a further body blow to cryptocurrency markets already reeling from precipitate price declines since the start of this year.



You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of acces below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£68.33 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree