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Hester PeirceHead of the US Securities and Stock Exchange Commission (SEC) Krypto said that the introduction of securities on the blockchain “does not have magical ability to transform the nature of the basic asset”.
In a Statement 9. JulyPeirce stressed that tokenized shares, notes or claims are “still securities” that require issuers, intermediaries and traders to observe existing federal law when creating, selling or transmission.
Statutory obligations
Peirce’s Bulletin notes that tokenization can occur in two ways: an issuer can coin versions of his own stocks or a depository can wrap third -party securities and give income.
She warned that the second model was the risk of counterparty because the tokens holders depend on the solvency and control of the underlying shares.
Peirce urged distributors to consult the “statement of employees” of the SEC division of Corporation Finance on obligations of publication and soon met with employees of the agency if they look for custom exceptions.
She also indicated that the rules could classify specific tokens formats as “safety income” or, unless they lack beneficial ownership rights, as “security -based swaps” that banned retail trading.
Peirce wrote:
“The same legal requirements apply to versions of these instruments on- and off-seams.”
Growing acquisition activity on the chain
Peirce’s notes come when the tokenized capital volume accelerates. Solan-Skillic tokens released as part of Xstocks Framework Backed Finance Since July 4, a combined market value reached $ 48.53 million.
Dashboard images from RWA.XYZ data provider show that the total value of 6 July exceeded $ 50 million.
In addition, Xstocks is now moving to other places. BNB Chain notified that there will be a list Apple, TeslaAnd other capital chips such as BEP-20 assets in cooperation with Kraken and Backed, provide users with 24-hour access and deficiency.
The market participants largely welcomed the clarity. In his statement, the co -founder of the supported finances said in his statement that the company “suggested Xstocks to reflect traditional own care, so regulatory treatment remains direct”.
Kraken He added that the integration of the defi in the BNB chain allows users to publish tokenized supplies as collateral without changing their securities status.
Separately, Bitget He integrated Xstocks into his platform on-July 9th, allowing customers to trade the same tokens from their spot accounts without the need for separate wallets.
Peirce enclosed openness signaling for modernization and stated that the Commission “is ready to cooperate with the market participants to create a suitable exception and modernize the rules” where technology reveals gaps.
