SEAN TEEHAN, IGNITES: We're here at the ICI Innovate Conference in Houston. With us today is Harsh Choudhary. He's head of product management, regulatory communications at Broadridge. Tokenization has been talked about for years. What about tokenization right now makes it less experimental and more of a real thing?
HARSH CHOUDHARY, HEAD OF PRODUCT MANAGEMENT, REGULATORY COMMUNICATIONS, BROADRIDGE: So I think many factors which makes it real. One thing is how the technology has evolved and what the use case has been generated. I mean, the whole technology of blockchain is not new. It really started from 2008. And when it launched, it was almost about — there were some aspects of it where you would not be able to scale it. But now we are seeing more and more use cases which are coming to layer two of blockchain, which is enabling more and more use cases to be put, which can take them to the scale. So that's number one. So the technology adoption has been fast.
I would even say the regulatory environment is changing and fast evolving. And that is kind of having institution adopt to these tokenization use cases pretty fast. And I would also say there is this global environment where people are asking for more liquid assets, and the transactions and the transfers of the funds can happen almost instantaneously. So I think it is client-driven, market-driven, technology-driven and also regulatory-driven.
SEAN TEEHAN: Harsh, thank you so much for talking to us today. I appreciate it.
HARSH CHOUDHARY: Of course, Sean. Pleasure.