Barry Silbert Says His 2011 Tokenization Prediction Came True
- —SEC proposed opening private rounds via a FINRA-administered exam rather than wealth thresholds
- —Holders of CFA and CPA credentials would get automatic access to private deals
- —Silbert proposed a government-administered test instead of the $1 million threshold in 2011
- —He also predicted the strict divide between public and private companies would disappear
Why it matters: The SEC reform could give retail investors access to private rounds, while tokenization accelerates the convergence of public and private markets.
Source: U.Today