{"id":97368,"date":"2026-05-22T17:45:12","date_gmt":"2026-05-22T14:45:12","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=97368"},"modified":"2026-05-22T17:50:19","modified_gmt":"2026-05-22T14:50:19","slug":"sec-to-draft-exemptions-for-tokenized-securities","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/sec-to-draft-exemptions-for-tokenized-securities\/","title":{"rendered":"SEC to Draft Exemptions for Tokenized Securities"},"content":{"rendered":"<p>SEC Commissioner <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> Hester Peirce urged the crypto industry to temper expectations regarding the &#8220;innovation exemption&#8221; for trading <a href=\"https:\/\/forklog.com\/en\/news\/what-are-rwas-real-world-assets\">tokenized<\/a> stocks. According to her, the regulator does not plan to permit the issuance of synthetic assets.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">I appreciate the interest in\u2014but not the hyperbole about\u2014the contemplated innovation exemption for the onchain trading of tokenized NMS stock. Keep in mind: I&#8217;ve always expected that it&#8217;d be limited in scope &#038; would facilitate trading only of digital representations of the same\u2026<\/p>\n<p>\u2014 Hester Peirce (@HesterPeirce) <a href=\"https:\/\/twitter.com\/HesterPeirce\/status\/2057563897507532864?ref_src=twsrc%5Etfw\">May 21, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Peirce&#8217;s statement followed a <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-05-18\/sec-is-said-to-ready-plan-for-trading-crypto-versions-of-stocks\">Bloomberg<\/a> report indicating that the Commission is preparing rules for stock tokenization without issuer consent. According to the agency, the SEC discussed guidelines for trading RWA securities with &#8220;hundreds of market participants.&#8221;\u00a0<\/p>\n<p>Peirce clarified that the relaxations will apply only to digital copies of stocks already traded on the secondary market. Tokens must confer the same rights as regular shares, including voting and dividends, she emphasized.<\/p>\n<p>Securitize CEO Carlos Domingo supported this stance. In his view, issuing tokens by third parties without issuer involvement fragments the market and creates risks.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">This is good, we want to do on-chain trading, but for the right assets, and not to help proliferate those derivatives that are fragmenting the market and introducing additional risks. Tokenization is needed to solve problems and eliminate intermediaries, not to add new additional\u2026 <a href=\"https:\/\/t.co\/vNTfC5vOoF\">https:\/\/t.co\/vNTfC5vOoF<\/a><\/p>\n<p>\u2014 Carlos Domingo (@carlosdomingo) <a href=\"https:\/\/twitter.com\/carlosdomingo\/status\/2057652791087182093?ref_src=twsrc%5Etfw\">May 22, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Robert Leshner, CEO of the Superstate platform, agreed, asserting that a strict approach will maintain the standards of the American financial market during the integration of DeFi.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The SEC has been hard at work crafting an innovation exemption that will bring securities into the tokenization &#038; DeFi era, without compromising the standards that make the USA the center of capital markets.<\/p>\n<p>More innovation, done well, soon \ud83d\udc4f <a href=\"https:\/\/t.co\/x1nNUMM9gF\">https:\/\/t.co\/x1nNUMM9gF<\/a><\/p>\n<p>\u2014 Robert Leshner (@rleshner) <a href=\"https:\/\/twitter.com\/rleshner\/status\/2057572328108675293?ref_src=twsrc%5Etfw\">May 21, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to RWA.xyz, stocks worth $1.53 billion have been issued, including shares of Circle, Strategy, and Google. The sector is growing more slowly than <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-at-760000-and-rwa-boom-ark-invests-2030-scenario\">analysts&#8217; forecasts<\/a>, which anticipated trillion-dollar turnovers by 2030.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-220cef4acfa2b6e0-5062253238059959.webp\" alt=\"Screenshot 2026-05-22 164151\" class=\"wp-image-280364\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/app.rwa.xyz\/stocks\">RWA.xyz<\/a>.<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">RWA Risks<\/h2>\n<p>The Bloomberg publication also drew a response from Ryan Yoon, head of research at Tiger Research, who warned of liquidity fragmentation risks due to stock tokenization without issuer consent.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"zxx\" dir=\"ltr\"><a href=\"https:\/\/t.co\/93YoNNF12d\">https:\/\/t.co\/93YoNNF12d<\/a><\/p>\n<p>\u2014 Tiger Research (@tiger_research_) <a href=\"https:\/\/twitter.com\/tiger_research_\/status\/2057652391898656790?ref_src=twsrc%5Etfw\">May 22, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to the expert, capital will begin to move from centralized platforms to various blockchain networks. This will dilute trading volumes currently concentrated on the <span data-descr=\"New York Stock Exchange\" class=\"old_tooltip\">NYSE<\/span> or Nasdaq.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;Traditional finance sees a serious threat in the breakdown of consolidated liquidity,&#8221; Yoon stated.<\/em><\/p>\n<\/blockquote>\n<p>Market fragmentation will lead to price discrepancies across platforms and slippage in large transactions. Tiger Research believes this will reduce overall market efficiency.<\/p>\n<p>The second issue will be profit outflow. When tokenized stocks are traded on numerous decentralized platforms, exchange revenues go offshore. This undermines the country&#8217;s financial competitiveness.<\/p>\n<p>FG Nexus&#8217;s head of digital assets, Maja Vujnic, <a href=\"https:\/\/www.crowdfundinsider.com\/2026\/05\/280579-sec-innovation-exemption-tokenization-on-the-way\/\">added<\/a> that dividing the market into &#8220;isolated pools&#8221; will create pricing errors. There will also be a risk of &#8220;shadow short selling&#8221; due to a lack of local buyers to stabilize prices.<\/p>\n<p>Proponents of tokenization point to its advantages:<\/p>\n<ul class=\"wp-block-list\">\n<li>instant settlements;<\/li>\n<li>fractional asset ownership;<\/li>\n<li>low fees;<\/li>\n<li>24\/7 trading.<\/li>\n<\/ul>\n<p>Siebert Financial analyst Brian Witten <a href=\"https:\/\/www.crowdfundinsider.com\/2026\/05\/280579-sec-innovation-exemption-tokenization-on-the-way\/\">believes<\/a> that the SEC&#8217;s decision will accelerate the financial system&#8217;s transition to blockchain. He predicts that some capital will eventually flow into Bitcoin and <a href=\"https:\/\/forklog.com\/en\/news\/the-price-of-popularity-and-a-lesson-for-all-hyperliquid\">Hyperliquid<\/a> networks.<\/p>\n<p>In May, it was revealed that the Bank of England will <a href=\"https:\/\/forklog.com\/en\/news\/bank-of-england-to-focus-on-tokenisation\">focus<\/a> its future strategy on RWA to modernize the country&#8217;s economic sector.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SEC Commissioner Hester Peirce urged the crypto industry to temper expectations regarding the &#8220;innovation exemption&#8221; for trading tokenized stocks.<\/p>\n","protected":false},"author":1,"featured_media":97369,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"SEC Commissioner Hester Peirce urged the crypto industry to temper expectations regarding the \"innovation exemption\".","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1311,1138,1308,128,1221],"class_list":["post-97368","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-hester-peirce","tag-opinions","tag-rwa","tag-sec","tag-stocks"],"aioseo_notices":[],"amp_enabled":true,"views":"4","promo_type":"1","layout_type":"1","short_excerpt":"SEC Commissioner Hester Peirce urged the crypto industry to temper expectations regarding the \"innovation exemption\".","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/97368","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=97368"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/97368\/revisions"}],"predecessor-version":[{"id":97370,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/97368\/revisions\/97370"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/97369"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=97368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=97368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=97368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}