ASIC chair Joe Longo says Australia 'dragging our feet' on tokenisation and stablecoins
Longo has been meeting with US market leaders and takes comfort in knowing Australia isn’t alone in facing a shortage of IPOs.
The chair of the corporate watchdog believes the country is dragging its feet on tokenisation and stablecoin development, but takes some comfort in knowing the US faces similar challenges, particularly around the lack of initial public offerings (IPOs).
These are among the key takeaways from Joe Longo’s current trip to the US, where the Australian Securities and Investments Commission (ASIC) is testing its roadmap for public and private markets.
Speaking from Washington DC, Longo told Capital Brief that Australia must ensure it doesn’t miss the opportunity to accelerate policy settings for technology and innovation that can drive capital investment and allocation.
“What are we doing in Australia to invest in what tokenisation might look like in our own market?” he said.
