'Big Short' Investor Michael Burry Says He's Learning About Tokenization And How It Is Rewiring Wall Street

Group 1 - Michael Burry is exploring the concept of tokenization, which involves converting physical assets into digital form on the blockchain, indicating a growing interest in this trend within the financial sector [1][2] - Major financial institutions, including JPMorgan Chase and BlackRock, are adopting tokenization to enhance their services and product offerings, with JPMorgan launching a deposit token called JPM Coin and BlackRock introducing a tokenized U.S. Treasury product [3][4] - The Securities Industry and Financial Markets Association has urged the SEC to deny digital asset companies the ability to offer tokenized equities through specific exemptive relief, advocating for a more open and transparent regulatory process [5] Group 2 - The tokenized asset market is experiencing significant growth and is being increasingly recognized by Wall Street, as evidenced by Burry's engagement with the topic and the actions of major financial players [2][3] - Robinhood has also entered the tokenization space by launching tokenized stocks for its European customers, showcasing the trend's expansion beyond traditional financial institutions [3]