The Office of the Comptroller of the Currency (OCC), a bureau of the Treasury Department, is organizing a symposium on tokenization in February 2024. This event aims to spark a public discussion on the potential of tokenizing real-world financial assets and liabilities. The Acting Comptroller, Michael J. Hsu, emphasizes the distinction between crypto and tokenization, stating that while crypto is often associated with speculative gains, scams, and compliance issues, tokenization focuses on solving settlement problems and can be developed in a safe and compliant manner. The symposium will feature keynote remarks from Hyun Song Shin, an Economic Adviser at the Bank for International Settlements (BIS), and will cover topics such as legal foundations for tokens, use cases for tokenization, risk management considerations, and economic research. The OCC plans to livestream the event and provide registration forms on its website. The OCC has consistently discouraged banks from engaging with cryptocurrencies and recently established its Office of Financial Technology to stay updated on industry developments.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	neutral
Relevance Score	1
People	Michael J. Hsu, Hyun Song Shin
Companies	None, The Office of the Comptroller of the Currency (OCC), Bank for International Settlements (BIS), Coinbase, Treasury Department
Currencies	None
Securities	None