Calling Crypto “Web 3.0”, the third layer of the Internet that allows asset ownership without permission on the web, “Socava” the true meaning of Crypto, which is a complete review of the capitalist system, according to Mert Mumtaz, CEO of the provider of remote procedure call nodes (RPC) Helius.
Mumtaz said that Crypt overses all the necessary ingredients for capitalism to function properly, including the free flow of information in a decentralized way, immutable property rights, alignment of incentives, transparency and capital flows “without friction”. Mumtaz added:
“The end of cryptography will be that it mainly evolves the most shocking human invention of all time: capitalism. We said that Crypto was web 3.0, but that is undergoing, it is actually capitalism 2.0.”
In September, the United States Stock Exchange and Securities Commission (SEC) and the Basic Product Future Trade Commission (CFTC), two financial regulatory agencies of the United States, issued a joint statement that caused the possibility of 24/7 capital markets in the country.
If the agencies manage to establish the always active capital markets, the measure would mark a significant and seismic deviation of the inherited financial system, which is slow to move and close the nights, weekends and most vacations.
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American regulators indicate that financial markets are arriving 24 hours a day, 7 days a week.
The SEC and CFTC described several points that could modernize the existing financial system, including always active markets, regulatory frameworks for perpetual futures contracts, futures contracts without an expiration date, and regulations for event prediction markets.
“Certain markets, including currency assets, gold and cryptography, already traded continuously. The expansion of negotiation hours could better align US markets with the evolutionary reality of a global economy and always on,” said the joint declaration of the SEC and CFTC.
These proposals would even more intertwine the traditional financial system with digital assets and migrate the financial system inherited to the Internet capital markets through digital rails, including the tokenization of the financial assets of the real world in the block chain.
Tokenized assets may include shares, stablcoins, private credit, art, art, collectible and even real estate.
In July, the Solana Foundation, the organization that supervises the development of the Solana Blockchain Network, revealed a road map to develop Internet capital markets until 2027.
The road map occurred in the midst of several Blockchain companies and traditional financial companies that announce tokenized products, including the Robinhouse mixed brokerage platform, which introduced the trade of tokenized shares in July for European users.
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