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2h ago

At Singapore Summit, SEC’s Peirce Invites Crypto Firms to Engage on Tokenization

Peirce underscored unresolved questions about how tokenized versions of a security relate to traditional forms.

Hester Peirce testifies to the Senate Banking, Housing and Urban Affairs Committee on her nomination to be a member of the Securities and Exchange Commission on Capitol Hill in Washington, U.S., October 24, 2017. REUTERS/Joshua Roberts
Sec willing to engage with tokenized asset issuers, sec’s hester peirce says
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Overview

  • Speaking virtually at the Digital Assets Summit in Singapore on Tuesday, SEC Commissioner Hester Peirce urged industry participants to “come talk to us” about tokenization.
  • Her remarks emphasized a collaborative posture from the regulator, signaling engagement rather than enforcement as the preferred path for addressing tokenized assets.
  • Peirce highlighted a central legal challenge: determining how a tokenized security interacts with other iterations of the same security.
  • CoinJournal cited RWA.xyz data estimating about $31 billion in assets currently tokenized on-chain, including roughly $714 million in tokenized stocks.
  • A McKinsey analysis cited in the coverage projects tokenized assets could reach around $2 trillion in market value by 2030, reflecting why policymakers are seeking input now.