SEC Commissioner: SEC Rules Should Not Set "Unnecessary Obstacles" in the Evolution of Tokenization Technology

Odaily Commissioner Mark T. Uyeda of the U.S. SEC shared his views on securities tokenization, stating that SEC rules should not set "unnecessary obstacles" in the evolution of technology. In his speech at the Asset Management Derivatives Forum, Uyeda pointed out that tokenization has moved from theoretical exploration to early practical stages, with market participants testing how traditional securities can be issued, held, and transferred on-chain. He emphasized that tokenized securities still fall under the regulatory scope of securities laws, and technological advancements have not altered core legal obligations such as information disclosure, asset custody, and investor protection.

Uyeda stated that the SEC's responsibility is not to create a parallel set of rules for crypto-native assets, but to adapt existing securities laws to the on-chain environment without causing unnecessary friction. He reiterated the SEC's adherence to the principle of "technology neutrality," focusing on regulatory outcomes rather than specific processes. Uyeda specifically mentioned that the SEC recently received an exemption application based on the Investment Company Act, indicating that tokenization "is no longer just theoretical speculation but is becoming a reality." (The Block)