Joe Longo, chairman of the Australian Securities and Investments Commission (ASIC), warns that if Australia fails to embrace tokenization, it risks falling behind in global financial markets. His statement highlights the urgent need for action on asset tokenization as early adoption could unlock significant opportunities in a rapidly evolving financial landscape. A regulatory update affecting digital assets is set to come into effect by June 2026. The global tokenized asset market is projected to reach $16 trillion by 2030, placing pressure on countries like Australia to adapt their regulations accordingly. This development will require businesses dealing in tokenized assets to acquire financial licenses by June 2026. The ASIC’s Innovation Hub actively supports fintech adaptations to evolving regulatory landscapes, promoting proactive compliance.