SEC Drafting Rules for Tokenized Securities Trading, Weighs Perpetual Futures
Summary
- The US SEC said it is developing a regulatory framework for the listing and trading of tokenized securities.
- The SEC and CFTC are jointly reviewing derivatives rules, including those covering perpetual futures.
- The two agencies are focused on limiting excessive leverage exposure for retail investors and preventing regulatory gaps.
Forecast Trend Report by Period
The US Securities and Exchange Commission is developing a regulatory framework for the listing and trading of tokenized securities.
Wu Blockchain reported on June 5 that Jamie Selway, director of the SEC’s Division of Trading and Markets, said the agency is drafting rules for tokenized securities and set out “innovation without arbitrage” as a core principle.
The aim is to encourage innovation while preventing regulatory arbitrage. In practice, that means a product should not be subject to a different regulatory regime simply because it has been tokenized rather than issued in a traditional financial format.
The SEC is also expanding cooperation with the Commodity Futures Trading Commission. The two agencies are jointly reviewing the regulatory framework for derivatives and assessing whether to permit new financial products, including perpetual futures, the report said.
They are also focused on limiting excessive leverage exposure for retail investors and preventing regulatory gaps.
The remarks come as the market for real-world asset tokenization, including tokenized stocks and bonds, expands rapidly in the US. Major platforms including Robinhood, Coinbase and Kraken are also moving to broaden their tokenized securities businesses.
