The U.S. SEC has issued updated guidance on tokenized securities, affirming that tokenized stocks are still subject to federal securities laws regardless of their blockchain status, aiming to ensure full regulatory compliance.
The U.S. SEC has reiterated that tokenized securities, including tokenized stocks, must comply with federal securities laws, regardless of whether they are on-chain or off-chain. The guidance emphasizes the substance over form principle, clarifying issuer and financial institution responsibilities in the digital asset space.