Islamabad: The Securities and Exchange Commission of Pakistan (SECP) on Wednesday (April 27) has published a concept paper to introduce asset fractionalisation to modernise the corporate sector, news sources reported.
The authority said that the idea would enhance asset exploration and democratise investment potential through the use of technology. The concept note will also develop liquid asset pools and aim toward greater compliance with international best standards, resulting in a more equitable and accessible capital market. The regulator said that the technology and the proposed methods had been a success in many countries as they have broadened asset investment.
In addition, the approach has been proposed to be built on distributed ledger technology to make the democratic benefits of fractionalisation more transparent. This notion has been embraced by several industrialised countries, including the United States, Malaysia, Singapore, and the United Arab Emirates. This business model is also being tested in the SECP‘s sandbox. The authority has also invited the public for their input and comments on the concept note that has been published on its website for review.
Hazafa reveres the art of writing and has been turned into a property enthusiast by profession. Her daily survival kit includes; tea, coffee, keyboard and paperbacks.
