New Zealand’s FMA Launches Public Consultation on Tokenization

The Financial Markets Authority (FMA) of New Zealand has initiated a public consultation on tokenization, aiming to foster clarity and address regulatory challenges. The consultation will conclude at the end of October after receiving numerous inquiries regarding this evolving technology but observing limited actual projects in implementation. Concerns arise that current regulations may hinder new entrants and drive some companies towards alternative overseas markets, potentially jeopardizing consumer protection.