PANews reported on September 8th that, according to Ledger Insights , the New Zealand Financial Markets Authority ( FMA ) has launched a public consultation on tokenization, which runs until the end of October . The FMA stated that it has received numerous tokenization-related inquiries this year, but few projects have actually been implemented. The FMA is concerned that existing regulations may pose obstacles to startups, leading some companies to circumvent local regulations and expand into overseas markets, thereby weakening consumer protection.