News and developments
Asset Tokenization: Trends & Developments in Cyprus
Asset tokenization constitutes a relatively new process. Yet, it has been receiving increasing levels of attention across several jurisdictions, with positive indications as to its ability to revolutionize the way different assets are held, traded and used.
Even so, in light of the increasing complexity and volume of the processes and rights that ascribe to these tokens, regulators and supervisory authorities have taken note of this phenomenon and the need to provide for a legal framework that addresses its effects.
This report will draw on the opportunities that asset tokenization presents, along with the legal challenges for the actors involved. Lastly, it will discuss the stance that different jurisdictions have taken so far to welcome tokens into their economies.