>>514883141
>>The NYFed’s primary dealers and their ilk want to tokenize all asset classes so they remain in a top, untouchable tier of shareholders that takes no risk and always gets paid.

NEVER USE YOUR PHONE TO PAY

>>510293626
>The NYFed’s primary dealers and their ilk want to tokenize all asset classes so they remain in a top, untouchable tier of shareholders that takes no risk and always gets paid.
the clearinghouse (in this case, the token platform) is the ultimate claimant in any bankruptcy or crisis
>what is safe harbor?

>>510087617
>untouchable tier of shareholders that takes no risk and always gets paid.

>>509631888
>heir ilk want to tokenize all asset classes so they remain in a top, untouchable tier of shareholders that takes no risk and always gets paid.

>>508341666
>The NYFed’s primary dealers and their ilk want to tokenize all asset classes so they remain in a top, untouchable tier of shareholders that takes no risk and always gets paid.

This way they can tokenize all assets, have a crash of some sort and hold all real assets at the end
the tokenized asset buyer only holds the token not the underlying collateral, the token platform (the clearinghouse) is the ultimate claimant to the underlying assets