Former OCC Acting Administrator: Blockchain is a powerful solution for recording and securitizing mortgages

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Cointime2023/11/10 18:12

By:Cointime

During the Washington Fintech Cycle, former Acting Comptroller of the Currency (OCC) Brian Brooks stated that blockchain is a powerful solution for recording and securitizing mortgage loans. He believes that blockchain can serve as the ultimate mortgage registry, reducing costs and providing tokenized mortgage-backed securities (MBS) support for a wider range of investors, ultimately improving liquidity. Brooks believes the biggest risk is adoption being slow and states, "To me, blockchain feels a lot like the emergence of smartphones, or the emergence of commercial internet, or even the emergence of CD players, which were seen as risky, and we have to overcome that."

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