Brett W. Redfearn

Congrats @carlosdomingo, @Securitize, and @NYSE for taking another major step forward in the development of tokenized securities.

Using @Securitize to provide regulatory coverage to trade securities onchain. Let's go!

As tokenization may drive the most significant market structure changes in a generation, Peter Haynes (TD Securities) and I had fun diving in to the tokenization of equities in his latest Bid Out Podcast. open.spotify.com/episode/5j28qu…

3/ Thus, ESMA created the TSS, which combines trading and settlement into one entity. The TSS should allow DLT to increase efficiency, reduce costs and operational complexity, and simplify the “value chain” (fewer intermediaries) — thus modernizing capital-markets infrastructure

2/ ESMA recognized that “The use of distributed ledger technology, with all transactions recorded in a decentralized ledger, can expedite and condense trading and settlement to nearly real-time and could enable the merger of trading and post-trading activities.”

1/ Congrats to @Securitize for approval to operate both an Investment Firm & a Trading & Settlement System (TSS) in the EU, and for being the first company in the world licensed to operate regulated digital securities infrastructure in both the US & EU. securitize.io/learn/press/Se…

I was honored to give the keynote at the @PhiladelphiaFed’s Ninth Annual Fintech Conference this morning. My remarks outlined the next steps in the @SECgov’s Project Crypto and what to expect in the coming months.

The tokenized asset space is about to explode.

Excited to moderate this panel 10/16. The race to tokenize stocks is on & the SEC is unlocking the ability to progress. But, many questions remain including what are the costs and benefits for investors & issuers, & which model makes the most sense? Will be a great discussion.

5/ It's a clean break. And I'm hopeful for -- and anticipate -- more meaningful engagement with industry and a more sensible and tailored approach to regulation (or deregulation) under the leadership of Chairman Paul Atkins in the coming years. Time to move on...

4/ Fourteen proposed rules in total were withdrawn today. A clean break from potential policy changes that consumed far too much time of SEC staff and concerned industry market participants, who spent unknown quantities of hours addressing their shortcomings.

1/ In this quiet & innocuous set of updates to the SEC’s rule making activity, today we saw the formal withdrawal of several misguided & overreaching proposals that characterized the hyper-regulatory agenda of former SEC Chair Gensler. sec.gov/rules-regulati…

@ltabb It's nice to see them all getting on the same page. Any guess as to how long it will take to build this? And, I would think this should be done as part of the new single CT Plan, no?

Looks like the equities market SIP has agreed on 24x5 terms. Sunday at 8pm to 8pm on Friday with less than a 1 hr pause between 7 and 8 pm daily. Means US equity trading and consolidated market data between 8pm and ~7+ pm Sunday through Friday. Not sure when it starts.

@Securitize Love Securitize's fund admin strategy here. I look forward to seeing additional upside and growth in the expanding world of tokenized funds. Congrats!

📢 Official Announcement Securitize has completed the acquisition of MG Stover’s fund administration business, making Securitize the largest digital asset fund administrator in the world. This industry leadership strengthens our ability to support businesses across traditional and digital asset markets—today and in the future. With over $38B in assets across 715 funds, we’re deepening our institutional offering and reinforcing our position in tokenization and digital infrastructure. We’re proud to welcome the MG Stover team to Securitize Fund Services. Together, we’re shaping the future of finance.

2/ We discussed objectives, processes and priorities of the Task Force & how @SECGov will coordinate policy with Congress, the White House, and the CFTC.  We also spoke about SEC’s current enforcement posture on crypto & tried to get a sense timing for SEC policies & actions.

1/ Monday I had the pleasure of interviewing Richard Gabbert, Chief of Staff of @SECGov's Crypto Task Force at Tokenize.NYC, a great event sponsored by @Securitize and @Wormhole. I’ve attached a video of our conversation for anyone interested. youtube.com/watch?v=jR3t5q…

I looking forward to moderating a panel discussion at SIFMA’s Market Structure Conference tomorrow appropriately titled: Where is Equity Market Structure Headed? The timing for this discussion couldn’t be better as I suspect a welcomed pivot is forthcoming.events.sifma.org/market-structu…

@STA_National With the SEC's newly approved rule (Rule 612) to reduce the minimum tick increment to 1/2 cent for nearly 2,000 stocks and over half of market volume, the need to implement the full set of approved market data infrastructure rules is more important than ever.

“We passed rules when I was with the SEC that were approved and upheld in court and then ignored by the new SEC administration – or they cherry-picked parts to ignore. I think that is a dangerous precedent.”