Stock Exchanges Demand Crackdown On Crypto Tokenized Stocks–Reuters
A coalition representing the world’s largest stock exchanges, has urged securities regulators to take decisive action against “tokenized stocks,” expressing concerns that these crypto assets pose new risks for investors and could undermine market integrity.
WFE Urges SEC And Global Regulators
In a letter obtained by Reuters, the World Federation of Exchanges (WFE) highlighted that tokenized equities, which are designed to represent shares in companies, do not confer actual shareholder rights to investors.
Advocates argue that these cryptocurrencies can lower trading costs, accelerate settlement times, and allow for continuous trading. However, the WFE warns that they are “misleadingly marketed” as equivalent to traditional…
