IOSCO is turning its attention to tokenization, with cryptocurrencies remaining a high priority

PANews reported on April 12 that the International Organization of Securities Regulators (IOSCO) stated in its 2024 strategy that asset tokenization will be its new focus. IOSCO will build on the existing principles and guidelines of its Fintech Working Group to explore specific use cases for asset tokenization related to securities markets and distributed ledger technologies. This work will build on existing cryptographic principles and guidance from the IOSCO Fintech Working Group and will focus on tokenization use cases specific to securities markets and distributed ledger technology. The results of this work will help IOSCO analyze whether further policy guidance is needed. Additionally, cryptocurrencies have become a high priority for IOSCO. The agency plans to develop its assessment methodology in the second half of this year and will update its 2020 Cryptoasset Investor Education Report for Retail Investors this year. Under the new strategy, IOSCO also intends to explore some of the challenges posed by artificial intelligence.