Structuring, custody, licensing, and distribution rarely sit with one party. Umair Tariq examines the accountability vacuum at the center of fragmented tokenization execution.
- The primary risk in tokenized private market execution is the 'coordination problem' arising from fragmented execution across multiple specialized vendors.
- No single vendor typically covers all aspects (legal, custody, licensing, distribution), leaving issuers to manage the 'accountability vacuum' and execution delays.
- Successful tokenization requires an 'orchestrated approach' where one party takes overall accountability for the full lifecycle, rather than an 'assembled approach' managed by the issuer.
Topics: Legal regulatory, Infrastructure providers, Scalability, Licensing issuer obligations, Tokenization platforms, Market depth liquidity
Tags: #coordinationproblem #tokenizationexecution #accountabilityvacuum #fragmentedexecution #privatemarket #issuerrisk #vendormanagement #orchestratedapproach #assembledapproach #dealstalling
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