BlackRock's Saga Fink suggests that the next generation of securities and asset identification has been blocked by a lack of infrastructure regulation around the world. But the combination of decentralized financial industry (Defi) and traditional assets has been blocked because of a lack of infrastructure regulation around the world, according to sources recently interviewed by Cointelegraph.

"these enterprises simply do not have good organizational system software for it to participate in. Obviously, they will not just use regular blockchain wallets and centralized trading centers to run the system, "said Evans Barrett, global head of assets at Polygon.

Identification refers to a road leading to differentiation, allowing many people to have part of an asset that must be sold with higher use value as a whole. PricewaterhouseCoopers predicts that by 2025, global assets under management are expected to exceed $14.54 billion, which is a huge sales market and is expected to warmly welcome a large number of investors to increase the liquidity of assets according to symbolization.

Barrett said investors-those who manage the assets around the world-are looking for "services that are better compatible with what they are already doing, easy to implement, flexible and promotable".

Polygon shows that it has been working with many of these global participants. In January, Hamilton Lane, an investment management firm, announced the first of three representative stock funds backed by Polygon, adding some of its $824 billion in assets under management to the chain. By symbolizing its flagship individual stock opportunity equity fund, Hamilton Lane was able to reduce the minimum project investment rule from an average of $5 million to $20, 000.

Another example is Morgan Bank. In November last year, the American mogul launched its first cross-border e-commerce Defi deal on the public blockchain. The move is part of a demonstration site plan to explore the development potential of DEFI in the wholesale price financing market. The transfer is still going on at Polygon and on the Internet.

While recent progress has been made in integrating DEFI into traditional channels, a lack of clarity in areas such as regulation has once again prevented many from embracing cutting-edge technology. One of the main keys to this topic is:What are securities?The Securities and Exchange Commission has been affirming based on enforcement actions that the definition is likely to apply to a wider range of assets and businesses than many data encryption companies expect. As Barrett asked:

"if you identify a safety factor, does the data OTP itself become a safety factor, or does it just mean a safety factor?"

Laser Digital Co-founder and CEOJez Mohideen believes that the lack of regulation has jeopardized the risk control of data assets because it limits the efficient separation of departments and business models. Laser Digital is the data encryption unit of Merrill Lynch, the boss of the Commercial Bank of Japan.

"in some part of the company, especially where regulation should be strengthened-for example, to ensure that assets are run independently with fiduciary responsibility. Now more and more of these attributes of regulatory administrative law enforcement are brought into full play, and there will be more and more organizational interests, "she told Cointelegraph."