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ESMA seeks evidence tokenized collateral can be cashed out in crisis
Cointelegraph ·
Cointelegraph reports: The European Securities and Markets Authority (ESMA) wants evidence that clearinghouses can access tokenized collateral and turn it into cash if markets come under stress. ESMA published a call for evidence Friday to seek industry feedback on the implications of tokenized collateral. “We must create the conditions for tokenized markets to operate safely and at scale across borders, with legal certainty, interoperable infrastructures and appropriate supervision,” ESMA…