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๐Ÿค” Speculation / Opinion

"Similar to the role of securitization during the GFC, tokenization can potentially disguise riskier or illiquid reference assets as safe and easily tradeable, possibly encouraging higher leverage and risk-taking."

"Similar to the role of securitization during the GFC, tokenization can potentially disguise riskier or illiquid reference assets as safe and easily tradeable, possibly encouraging higher leverage and risk-taking."
"A sudden reversal of these positions could then trigger systemic events"

TLDRS:

Are the authors from the Fed saying the quite part out loud? Tokenized GME can potentially disguise riskier or illiquid reference assets as safe and easily tradeable, possibly encouraging higher leverage and risk-taking?!?!?!?!

  • "Finally, similar to the role of securitization during the GFC, tokenization can potentially disguise riskier or illiquid reference assets as safe and easily tradeable, possibly encouraging higher leverage and risk-taking. A sudden reversal of these positions could then trigger systemic events"
r/Superstonk - Fed paper: "Similar to the role of securitization during the GFC, tokenization can potentially disguise riskier or illiquid reference assets as safe and easily tradeable, possibly encouraging higher leverage and risk-taking. A sudden reversal of these positions could then trigger โ€ฆ

https://www.federalreserve.gov/econres/feds/files/2023060pap.pdf

r/Superstonk - Fed paper: "Similar to the role of securitization during the GFC, tokenization can potentially disguise riskier or illiquid reference assets as safe and easily tradeable, possibly encouraging higher leverage and risk-taking. A sudden reversal of these positions could then trigger โ€ฆ
r/Superstonk - Fed paper: "Similar to the role of securitization during the GFC, tokenization can potentially disguise riskier or illiquid reference assets as safe and easily tradeable, possibly encouraging higher leverage and risk-taking. A sudden reversal of these positions could then trigger โ€ฆ
r/Superstonk - Fed paper: "Similar to the role of securitization during the GFC, tokenization can potentially disguise riskier or illiquid reference assets as safe and easily tradeable, possibly encouraging higher leverage and risk-taking. A sudden reversal of these positions could then trigger โ€ฆ
r/Superstonk - Fed paper: "Similar to the role of securitization during the GFC, tokenization can potentially disguise riskier or illiquid reference assets as safe and easily tradeable, possibly encouraging higher leverage and risk-taking. A sudden reversal of these positions could then trigger โ€ฆ
r/Superstonk - Fed paper: "Similar to the role of securitization during the GFC, tokenization can potentially disguise riskier or illiquid reference assets as safe and easily tradeable, possibly encouraging higher leverage and risk-taking. A sudden reversal of these positions could then trigger โ€ฆ
r/Superstonk - Fed paper: "Similar to the role of securitization during the GFC, tokenization can potentially disguise riskier or illiquid reference assets as safe and easily tradeable, possibly encouraging higher leverage and risk-taking. A sudden reversal of these positions could then trigger โ€ฆ
r/Superstonk - Fed paper: "Similar to the role of securitization during the GFC, tokenization can potentially disguise riskier or illiquid reference assets as safe and easily tradeable, possibly encouraging higher leverage and risk-taking. A sudden reversal of these positions could then trigger โ€ฆ
r/Superstonk - Fed paper: "Similar to the role of securitization during the GFC, tokenization can potentially disguise riskier or illiquid reference assets as safe and easily tradeable, possibly encouraging higher leverage and risk-taking. A sudden reversal of these positions could then trigger โ€ฆ
r/Superstonk - Fed paper: "Similar to the role of securitization during the GFC, tokenization can potentially disguise riskier or illiquid reference assets as safe and easily tradeable, possibly encouraging higher leverage and risk-taking. A sudden reversal of these positions could then trigger โ€ฆ
r/Superstonk - Fed paper: "Similar to the role of securitization during the GFC, tokenization can potentially disguise riskier or illiquid reference assets as safe and easily tradeable, possibly encouraging higher leverage and risk-taking. A sudden reversal of these positions could then trigger โ€ฆ

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