Core Viewpoint - The chairman of the Australian Securities and Investments Commission (ASIC), Joe Longo, warns that Australia’s capital markets may fall behind globally if new technologies like tokenization are not actively embraced [1] Group 1: Tokenization Development - Longo cites discussions with JPMorgan employees indicating that the development of tokenization may occur faster than expected [1] - JPMorgan plans to tokenize its $730 billion money market fund assets within two years [1] Group 2: Market Accessibility - Asset tokenization could help break down traditional investment barriers that have typically restricted access to institutional and high-net-worth individuals, allowing a broader range of traders to engage with capital markets [1]