Natacha Cazenave: Tokenization can reduce company costs
Date: 2025-09-02 Author: Henry Casey Categories: BLOCKCHAIN, BUSINESS
Speaking at the conference "Capital Markets in the Digital Age" in Croatia, Natacha Cazenave emphasized that tokenization has become one of the most dynamically developing segments of the global economy. According to her, the transfer of real assets to the blockchain allows for expanded access to capital markets and a reduction in the costs of their issuance due to faster secondary trading. The introduction of tokenized assets can help companies optimize costs, the head of ESMA noted.
At the same time, Cazenave highlighted the key risks of tokenization: possible low liquidity, incompatibility of technologies and regulatory uncertainty. The development of a clear regulatory framework, in her opinion, could increase the transparency of international transactions. Regular reporting by companies on tokenized assets would give supervisory authorities the opportunity to monitor them in real time.
The expert also pointed out the potential of the European Union in regulating crypto assets to protect investors and stimulate the transition of assets to the blockchain. She said that the tokenized stock market is already valued at approximately $600 billion and is expected to grow further due to the support of various states for this segment.
According to Cazenave, more than half of the tokenized fixed income instruments issued on the blockchain in 2024 are in the EU market. In this regard, she emphasized the importance of cooperation between regulators and developers with colleagues from the UK and the US to exchange experience in supervising tokenized assets.
Earlier, the head of ESMA stated that cryptocurrencies pose a growing threat to global financial stability due to high volatility and unpredictability. In March 2025, the organization clarified the rules for storing USDT stablecoins, which did not fully comply with the requirements of MiCA, the Law on the Regulation of Cryptoassets in the European Union.
Thus, according to Natasha Cazenave, tokenization opens up significant opportunities for businesses and investors, but at the same time requires thoughtful regulation and international cooperation to minimize risks and increase market transparency.
The expert's words emphasize that the future of financial markets will be increasingly connected with digital assets and blockchain technologies, and their competent integration will become a key factor in the success of companies.
