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Tokenized stocks may be onchain, but the SEC still wants the keys
Key Takeaways (30s Read)
The SEC has issued new guidelines on the custody of tokenized equities, emphasizing broker-led custody.
The US Securities and Exchange Commission (SEC) outlined how tokenized equities can exist within US market safeguards, favoring broker-led custody over crypto-native self-custody. This new guideline emphasizes the importance of protecting investors through appropriate education and safeguarding measures. The SEC suggests that for tokenized securities to maximize their value, coordination between the market and regulators is essential. This is perceived as a step towards enhancing trust and reliability in blockchain-based stock trading. However, potential friction with existing systems and strict procedures for obtaining approvals is a point of caution for investors.
AI Analyst
AI Opinion
"The SEC's new guidelines raise expectations for the growth of the tokenized securities market while emphasizing the necessity of broker-led custody. This approach is crucial from an investor protection standpoint, but it may introduce challenges during the regulatory process. As the convergence of cryptocurrency and traditional finance progresses, investors will face both new opportunities and risks. Particularly, maintaining consistency with existing financial systems while integrating new technologies remains essential for long-term vision."
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