Even SEC’s Hester ‘Crypto Mom’ Peirce says tokenised stocks are securities – DL News
- Blockchains can’t magically change the nature of traditional assets, Peirce argued.
- Many regulatory complexities for tokenised securities remain.
- Fintech apps and crypto entities are piling into tokenised stocks trading.
You can wrap equities in code, call ‘em tokenised, and stuff them into smart contracts, but in the eyes of US regulators, they’re still securities.
That’s according to SEC Commissioner Hester Peirce. In a letter released on Wednesday, she opined that slapping traditional assets onto a distributed ledger doesn’t change their legal DNA.
“As powerful as blockchain technology is,” she wrote, “it does not have the magical abilities to transform the nature of the underlying asset.”
“Tokenised securities are…
