Georg Haller, co-CEO of Bybit EU, said tokenization could become the new rail of global finance. During the panel discussion, Haller commented on the potential of tokenization from concept to commercial applications.
Bybit EU considers tokenization as one of the rails of global finance. Georg Harer, Co-CEO of Bybit EU, participated in an expert panel discussion on the topic “Tokenization as the backbone of next generation financial infrastructure”.
In a roundtable format, we discussed tokenization from concept to practical commercial use. The panel brought together policymakers, regulators, and industry leaders to consider how tokenization can serve as a foundational layer of the global financial system.
At the conference, experts discussed regulatory frameworks and how blockchain-based infrastructure can reshape traditional financial markets. Tokenization has already taken over some of the major networks, with most new products being launched on Ethereum and Solana.
At this time, Bybit does not offer access to branded tokenized products, but leverages the exchange’s infrastructure to offer derivatives trading in precious metals. Fully regulated tokenization of real assets facilitates transactions and ensures legitimate backing and transparent ownership of real assets.
Tokenization may replace legacy technology
Tokenization has the potential to replace some outdated frameworks based on traditional technology and financial models. To take full advantage of the potential of tokenization, players must resolve issues of fragmentation and limited interoperability.
‘It was invaluable to see the industry come together as we at Bybit EU seek to build both scalable infrastructure and necessary guardrails for the digital asset class.said Haller.
Haller still believes that tokenization will become an important part of the financial infrastructure that will power future operations.
Bybit focuses on fighting crypto crime
Mr. Haller also participated in a discussion panel on financial crime, examining the role of exchanges in deterring fraud. Bybit survived $1.5 billion robberyspecifically worked with exchanges in tracking and recovering some of the stolen funds.
Haller noted that attackers are becoming more organized and using new tools to attempt more complex attacks. Bybit EU has already added new measures to protect the safety of its users, partly based on MiCAR legislation and requirements.
Bybit has already mentioned enhanced EU compliance for the latest full MiCAR certification.
Source: Bybit Nordic via X
The discussion also touched on emerging threat vector technologies such as deepfake-based impersonation and automated phishing.
Haller noted that the exchange plays a role in effective identification and identification. He added that new types of financial crime require advanced detection tools, but also transparency and a shared effort across the industry. Although exchanges are now responding to the signal, some platforms are still being used by hackers to exchange or disguise funds, and there is no way to freeze or recover lost tokens.
