[New Zealand Financial Markets Authority Launches Public Consultation on Tokenization Regulation] According to Ledger Insights, the New Zealand Financial Markets Authority (FMA) has initiated a public consultation on tokenization, which will run until the end of October. The FMA stated that it has received several inquiries related to tokenization this year, but there have been few actual implemented projects. The FMA is concerned that existing regulations may pose obstacles for startups, causing some companies to bypass local regulations and turn to overseas markets, thereby weakening consumer protection.