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The bonds of friendship between France and the UK, US and Australia have been “tarnished” by the AUKUS pact, and it is now “more difficult than before” for France to trust those countries, the president of the French National Assembly has told Sky News.

Richard Ferrand is attending the G7 Speakers’ Conference in Chorley, Lancashire, hosted by the Speaker of the House of Commons Sir Lindsay Hoyle.

The AUKUS deal saw the UK, Australia and the US form a trilateral security pact to develop and deploy nuclear-powered submarines, adding to the Western military presence in the Pacific region.

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(L-R) Roberto Fico, Sir Lindsay Hoyle, Nancy Pelosi and Richard Ferrand at the G7 Speakers’ Conference in Chorley

Mr Ferrand said: “I think it has somewhat tarnished the bonds of friendship that we have. Yes, it has made things more difficult in terms of trust and friendship.”

On Friday, France recalled its ambassadors to the US and Australia.

Pressed on why Catherine Colonna, the top French diplomat in the UK was not recalled, Mr Ferrand said: “Obviously it was not my decision but we thought it was more important to recall the ambassadors of the two main protagonists in this thing.”

French Foreign Minister Jean-Yves Le Drian and the army minister reacted by issuing a statement that denounced “a decision contrary to the letter and spirit of Franco-Australian cooperation”, and accused the US of choosing to “sideline a European partner and ally”.

More on Lancashire

On Friday, the French cancelled a gala in Washington that was planned to mark the 240th anniversary of the Battle of the Capes – when the French navy helped the colonists win the American Revolution.

Pressed on whether the recall of ambassadors sends a strong signal to countries like Russia and China about French relations with its allies, Mr Ferrand said: “No, the strong signal to those countries comes from the fact that a word was given and then broken. There are causes and consequences, so one should not confuse the two.”

The G7 Speakers’ Conference takes place each year in the host speaker’s hometown. This year’s event is being held between 17 and 19 September in Sir Lindsay Hoyle’s constituency in Chorley.

Chorley
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US politician Nancy Pelosi headed to Chorley for the conference

Mr Ferrand planted a French Hornbeam tree to mark the occasion, alongside his G7 counterparts including Nancy Pelosi, Speaker of the US House of Representatives who planted a Sweet Gum Tree.

It would have been difficult to gauge whether their meeting was sweet or sticky when the speakers stood for the traditional ‘family photo’. Standing socially distanced, Mr Ferrand and Mrs Pelosi barely interacted with each other.

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‘AUKUS alliance will bring us closer than ever’

“We have friends and allies who might behave differently towards each other depending on circumstances but it’s very complicated, so let’s not rush to conclusions,” Mr Ferrand later told Sky News.

“These slight unpleasant things that might have happened are not really on the agenda,” he insisted. “We shouldn’t have arguments about anything but we also have to be careful not to forget.”

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Securitize hires former PayPal exec as US tokenization gains traction

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Securitize hires former PayPal exec as US tokenization gains traction

Major tokenization platform Securitize has doubled down on its push to bring tokenized equity to US investors, naming a former PayPal executive as its new general counsel.

Securitize on Tuesday announced the appointment of ex-PayPal executive Jerome Roche, who led the company’s expansion into digital asset projects, including the PayPal USD (PYUSD) stablecoin.

Securitize also said its tokenized securities are already available to US investors, challenging the notion that most issuers prefer to offer such products abroad due to local stock access.

“There’s been a perception that tokenized securities must be offered primarily outside the US, but our experience shows the opposite,” Securitize CEO Carlos Domingo told Cointelegraph.

“Clear regulatory path” for tokenized stocks in the US

According to Securitize, operating real-world asset (RWA) tokenization offerings inside the US regulatory perimeter is “not only possible, but scalable, at institutional quality.”

“We’ve demonstrated that there is a clear regulatory path for issuers to natively tokenize assets for US investors,” Domingo said.

“These are not synthetic representations, or derivatives, but real securities onchain,” the CEO said, adding:

“We operate using SEC-regulated infrastructure, including a registered transfer agent broker-dealer, and fund admin, which allows US investors to access and legally hold tokenized securities in a fully compliant framework.”

Securitize’s optimistic outlook on the US tokenization comes days after the platform obtained regulatory approval to operate as an investment company and a trading ánd settlement system in the European Union on Nov. 26. According to the company, the approval positioned it as one of the first operators for regulated digital securities infrastructure in both the US and EU.

Source: Securitize

“For the first time, modern ledger technology is giving us the ability to record ownership, settle transactions, and move value in ways that are fundamentally better than the fragmented systems we’ve inherited,” Securitize’s newly appointed general counsel, Roche, said in the announcement.

“Innovation only works when it fits squarely within the guardrails of applicable law,” he added, underscoring Securitize’s global push for regulated tokenized securities.

Related: US Treasurys lead tokenization wave as CoinShares predicts 2026 growth

Securitize’s news is another sign of the US warming to tokenization. On Monday, the Securities and Exchange Commission dropped its investigation into rival tokenization platform Ondo Finance.

Ondo said the decision marks a new chapter for tokenized securities in the US, where they are poised to become a “core part of the capital markets.”