Any Security Is Better Denominated as a Token — Interview with Trevor Koverko, CEO of Polymath
If you work in the investment industry or are an investor, you might be surprised by the following assertion by Trevor Koverko, CEO of Polymath: “Any security is better denominated as a token.”
Trevor believes that all securities — stocks, bonds, real estate, private equity and so on — are better denominated as tokens. In Trevor’s recent interview with Security Token Academy, he explained his and the Polymath team’s point of view:
“We see ourselves as problem solvers, and we see the process of launching a security token as broken. It’s very challenging. It’s expensive. It’s time-consuming.
“It’s important to think about the existing capital markets infrastructure. It’s investment banks, broker dealers, stock exchanges — that’s what we’re trying to decentralize. For me, it’s about looking at what Bitcoin did with payments; how it streamlined the process. It got rid of unnecessary middlemen like payment processors, clearing houses, settlement banks, foreign exchange. All these institutions in-between me and you are not needed.”
Another bold assertion by Trevor is that security tokens will eclipse utility tokens in market capital.
He says: “It’s gonna take one major fund like a hedge fund, a sovereign wealth fund to tokenize, and it could double the entire securities open market overnight.”
To tokenize all global assets is a big lift. Despite that, Trevor and many others believe it’s the future.
To learn more, watch the webinar hosted by The Security Token Academy as part of their Security Token Expert Series.
It’s called The Tokenization of Global Assets. It features an online video expert panel discussion on the why, what, who and how of tokenizing existing securities.
