Finance Group Urges SEC Reject Tokenized Equities Exemptions
From Cointelegraph
July 3, 2025 2:12 am:
Industry trade group SIFMA urges US securities regulator to reject relief requests from crypto companies seeking to offer tokenized stocks. SIFMA claims such relief could allow firms to offer securities outside established regulatory structures, risking investor protections. SEC considering tokenized securities rule change to ease registration requirements for firms using blockchain technology. Exemptive relief may help resolve issues for companies looking to issue tokenized securities.
SIFMA’s letter comes after SEC Commissioner Hester Peirce mentioned potential exemptive order for firms using blockchain to issue securities. Companies may avoid issuing tokenized securities due to high registration costs. Exemptive relief could resolve this issue and ensure compliance with relevant regulations established before the technology existed. TradFi won’t “share power lightly,” with traditional financial institutions opposing new regulations.
Crypto exchanges Coinbase and Kraken seek SEC approval to launch tokenized securities trading in the US. Coinbase prioritizes offering tokenized equities, while Kraken has already started offering tokenized stock trading on its platform backed by shares in major US companies. However, Kraken’s service is not available in certain countries, including the US.
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