Overview

• The Information reports the SEC is developing a framework to permit blockchain-registered versions of publicly traded stocks to trade on regulated crypto platforms, with the effort still under internal review.
• Commissioner Hester Peirce urged companies to “come talk to us” on tokenization, signaling a willingness to engage on how tokenized securities interact with traditional forms.
• Industry moves are accelerating, with Nasdaq seeking a rule change to list tokenized securities, Coinbase preparing licensing for digital equities, and Robinhood and Kraken testing stock tokens overseas.
• Traditional players are pressing for safeguards, with Citadel Securities warning against regulatory arbitrage, and Fortune reporting that any exemptive-relief approach could face legal challenges from incumbents.
• Tokenized assets total roughly $31 billion on-chain with stocks at about 2% of that, and proponents highlight potential benefits such as faster settlement, fractional ownership, and broader access.