U.S. SEC Commissioner Hester Peirce states: Tokenized securities are still securities

2025/07/10 07:05

PANews reported on July 10 that according to the official website of the U.S. Securities and Exchange Commission (SEC), SEC Commissioner Hester Peirce issued a statement on the tokenization of securities, emphasizing that although blockchain technology has brought a new model for securities issuance and trading, tokenized securities still fall within the scope of securities and must comply with federal securities laws.

Peirce pointed out that the tokenization of securities may be carried out directly by the issuer (such as a company tokenizing shares) or by a third-party custodian through the tokenization of its securities or "security rights". The latter may expose investors to unique counterparty risks. She reminded market participants to assess the legal nature of tokens based on the specific circumstances - they may constitute "security receipts" (themselves securities) or "security swaps" (retail investors are not allowed to trade over-the-counter). The SEC recommends that issuers of tokenized securities fulfill their information disclosure obligations and refer to the recent relevant guidance of the SEC's corporate finance department. For situations where technical characteristics require adjustments to current rules, the SEC expressed its willingness to work with the industry to develop exemptions and promote rule modernization.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.