Tokenization could become the new rails for global finance, according to Georg Harer, co-CEO of Bybit EU. During a panel discussion, Harer commented on the potential of tokenization from concept to commercial application.
Bybit EU is exploring tokenization as one of the rails for global finance. Georg Harer, co-CEO of Bybit EU, took part in an expert panel discussion on the topic ‘Tokenization as the backbone of next-generation financial infrastructure’.
The roundtable format discussed tokenization from concept to viable commercial use. The panel brought together policymakers, regulators and industry leaders to explore how tokenization can serve as a foundational layer for global financial systems.
During the conference, experts discussed regulatory frameworks and how blockchain-based infrastructure can reshape traditional financial markets. Tokenization has already taken over some of the leading networks, with most new products launched on Ethereum and Solana.
For now, Bybit does not offer access to tokenized branded products, but has used its exchange infrastructure to offer precious metals derivatives trading. True and fully regulated tokenization can boost trading and ensure legitimate backing by real assets, as well as transparent ownership.
Tokenization can replace outdated technology
Tokenization can replace some outdated frameworks based on older technology and financial models. To realize the full potential of tokenization, players still need to solve the problems of fragmentation and limited interoperability.
‘It has been invaluable to see the industry come together at a time when we at Bybit EU are trying to build both the scalable infrastructure and necessary guardrails for the digital asset class.Harer said.
Harer still believes that tokenization will become a crucial part of the financial infrastructure that will serve operations in the future.
Bybit focuses on combating crypto crime
Harer also joined a discussion panel on financial crime, exploring the role of exchanges in stopping fraud. Bybit, who survived one $1.5 billion heistspecifically worked with exchanges to locate and recover some of the stolen funds.
Harer noted that bad actors are becoming more organized and are trying to carry out more complex attacks with new tools. Bybit EU has already added new measures to ensure user safety, partly under MiCAR laws and requirements.
Bybit already reported increased EU compliance with the latest full MiCAR certification.
Source: Bybit Nordic via X
The discussion also noted that emerging technology is becoming a threat vector, such as deepfake-based impersonation and automated phishing.
Harer noted that exchanges played a role in effective identification and identity verification. He added that new forms of financial crime require advanced detection tools, as well as transparency and shared efforts across the sector. Exchanges are currently responding to signals, although some platforms are still used by hackers to exchange or hide funds without resorting to freezing or recovering lost tokens.