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."