The U.S. Securities and Exchange Commission has released new guidance on tokenized securities, clarifying that tokenization does not change the applicability of securities laws

The U.S. Securities and Exchange Commission (SEC) has released new guidance on tokenized securities, clearly stating that whether a security is regulated depends on its legal characteristics, rather than whether it is in a tokenized form; tokenization itself does not change the applicability of securities laws.

The statement further distinguishes between issuer-sponsored tokenized securities and third-party tokenized securities, and covers different structures such as custodial models and synthetic models, aiming to provide clearer regulatory guidance for market participants to conduct related business within a compliance framework.