SEC Allows Tokenized Securities in US Stock Market Temporarily Amid Regulatory Uncertainty

Editor Park Sang-hye explained that the U.S. Securities and Exchange Commission (SEC) has issued an innovation exemption permitting tokenized securities in the $70 trillion U.S. stock market for five years under specific conditions, just two days after the Senate's Clarity Act debate concluded without passing.

According to Park, SEC Chair Paul Atkins indicated that even if the Clarity Act fails to pass, the agency will establish regulations for digital assets through rulemaking. This move appears to align with that approach.

The editor highlighted a notable detail: third parties can issue tokenized securities for specific companies and notify them within 30 days, during which the company may reject the issuance. Following this announcement, shares of Securitize—a company not adopting third-party token issuance—rose 15% in one day.