CFTC Chair Michael Selig said financial markets should prepare for mass tokenization, with real world assets potentially settling almost instantly on blockchain based infrastructure.Selig said tokenized collateral could move in real time between clearinghouses, intermediaries and users as the CFTC adapts existing rules for onchain markets.The CFTC is moving ahead with crypto regulation under its existing authority after the Senate failed to advance the CLARITY Act on Sept. 15.The SEC has taken a parallel step by granting a five year exemption that allows qualifying platforms to trade tokenized versions of US listed stocks under specific conditions.