Managers Warm Up to US Tokenized Private Funds After Overseas Gains
January 22, 2025
…Another potential spark is hope that an SEC led by Trump nominee Paul Atkins will take steps to embrace tokenized products more openly, said Michael Pedroni, CEO at Highland Global Advisors, a strategic consultancy for financial services firms.
“The expectation is that he’s going to be much more open and innovative than his predecessor on this topic if he’s confirmed,” he said.
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And ongoing efforts to expand alts into the advisor market also could spur new advancement, Pedroni said.
“The big prize is the retail or high-net-worth sector,” he said. “Tokenization is part of that story.”
Following Europe, Asia
While the development of tokenized alts offerings stalled in recent years in the U.S., other markets took initial steps to allow digital asset fund structures – with some of those efforts resulting in the rollout of new products.
Europe and Asia generally saw movement, with countries such as the U.K. and Singapore taking the lead, Pedroni said.