SEC Prepares Policy to Allow Blockchain-Based Tokenized Stock Trading, Chair Atkins Says

The U.S. Securities and Exchange Commission is preparing a new policy that would allow crypto companies to offer blockchain-based tokenized stock trading. According to Odaily, SEC Chair Paul Atkins said companies would be permitted to test new digital-asset business models, including tokenized trading of U.S. stocks, without fully complying with existing disclosure and investor-protection rules. The proposal has raised concerns among traditional financial institutions including Citadel Securities and the Securities Industry and Financial Markets Association (SIFMA), which said the changes could divert liquidity and create regulatory arbitrage risks. The SEC has not publicly commented on the matter.