SEC gives guidance on issuer vs third-party tokenized securities

The US regulator defines tokenized securities as issuer- or third-party-sponsored, stressing that blockchain issuance does not bypass federal securities laws.

The United States Securities and Exchange Commission has released new guidance on tokenized securities, categorizing assets into two categories to provide more clarity for companies entering the space.

The SEC’s statement on tokenized securities, released on Wednesday, defines the assets as issuer- or third-party-sponsored tokenized securities. 

“Tokenized securities generally fall into two categories: (1) securities tokenized by or on behalf of the issuers of such securities; and (2) securities tokenized by third parties unaffiliated with the issuers of such securities,” the regulator stated. 

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