Bringing traditional securities on-chain is a central focus of this Securities and Exchange Commission (SEC). Recognizing the potential of tokenization, the Commission under Chairman Atkins, launched Project Crypto 9 months ago with the aim of updating American securities rules and regulations. The goal is to enable the nation’s financial markets to move onchain, which allows for instant settlement, 24/7 markets, reduced costs, and more.

But to unleash the full potential of tokenized securities, innovators and investors need clear rules of the road for blockchain applications that allow users to transact in tokenized securities on a peer to peer basis, without intermediaries.

So we and DeFi Education Fund submitted a safe harbor…