The commissioner of the U.S. Securities and Exchange Commission believes that tokenization should be seen as a natural progression of the market, rather than a disruptive force or challenge to the current regulatory system. This perspective emphasizes the potential to enhance security, transparency, and payment efficiency in the securities market when applying distributed ledger technology.
SEC
In a recent statement, an SEC commissioner argued that tokenization could improve safety, transparency, and efficiency in the trading – payment process, particularly by enhancing the ability to track ownership and shortening the settlement cycle. According to the SEC, these benefits align with the long-term goals of the capital market, as long as current securities laws are fully complied with.
This viewpoint is further reinforced by the remarks of Mark T. Uyeda – SEC Commissioner, at the asset management derivatives forum. Mr. Uyeda emphasized that SEC regulations should not create "unnecessary barriers" in the context of rapidly evolving technology. According to him, tokenization has moved beyond the theoretical stage, as financial institutions begin to experiment with issuing, holding, and transferring traditional securities on the blockchain.