Tokenized Securities

Fidelity told the SEC’s crypto task force it supports permitting broker-dealers to trade tokenized securities on alternative trading systems and pushing traditional finance infrastructure onto chains. The recommendation underscores a growing institutional push for clearer rules and on-chain settlement efficiency.

The U.S. Senate voted to ban a central bank digital currency until 2030, pausing federal digital dollar efforts. The SEC has proposed a narrow innovation exemption aimed at tokenized securities.

South Korea has passed mid-January amendments legalizing tokenized securities under the Electronic Securities Act and the Capital Markets Act, prompting banks, exchanges and asset managers to adapt. The new framework replaces lingering uncertainty after a failed 2023 tokenization bill and opens regulated on‑chain issuance.

The SEC has confirmed that tokenized securities are fully subject to U.S. federal securities laws while signaling openness to compliant on‑chain issuance and trading models. The clarification narrows legal uncertainty for issuers and trading platforms.