Commissioner Uyeda says SEC rules shouldn’t create ‘unnecessary roadblocks’ as tokenization advances

U.S. Securities and Exchange Commission (SEC) Commissioner Mark T. Uyeda emphasized that tokenization of securities represents a modernization challenge, not a regulatory break from existing laws. Speaking at the Asset Management Derivatives Forum, Uyeda asserted that tokenized securities remain subject to established securities regulations concerning disclosure, custody, and investor protection. He stressed that market demand should dictate the adoption of tokenization, and the SEC's rules should not impose "unnecessary roadblocks." Uyeda pointed to recent exemptive applications, such as one from WisdomTree Digital Trust, as evidence that tokenization is becoming a practical reality, signaling the SEC's openness to modernization provided it adheres to the objectives of longstanding securities laws. He affirmed the SEC's commitment to technology-neutral rulemaking focused on outcomes, acknowledging that tokenization might bypass traditional multi-layered intermediation structures.

(Source：The Block)