BLOOMBERG · 2026-11-11 12:23 UTC

Private Markets Take Stock on Tokenization After Binance Heist

Private asset owners are reassessing tokenization after the $6.3 billion cyber heist at crypto firm Binance in October, the largest the industry has faced, which exposed flaws in digital financial infrastructure. Tessera PE founder Chan Ahn says early adopters need clearer investor communication, including whether tokens sit with a custodian, in cold storage or in hot wallets, and who can freeze, cancel or reissue them. Ahn argues tokens can carry an asset's rules and settlement and allow smaller holdings, but not disclosure, issuer consent, a reference price or a clear claim if the issuer…

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