U.S. SEC Issues New Guidance on Tokenized Securities, Clarifying Tokenization Does Not Alter Applicability of Securities Laws

Odaily News The U.S. Securities and Exchange Commission (SEC) has released new guidance on tokenized securities, explicitly stating that whether a security is subject to regulation depends on its legal attributes, not on whether it is tokenized. Tokenization itself does not change the scope of application of securities laws.

The statement further distinguishes between issuer-sponsored tokenized securities and third-party tokenized securities, covering different structures such as custody models and synthetic models. It aims to provide clearer regulatory guidance for market participants to conduct related business within the compliance framework.