SEC Chair Paul Atkins says the SEC is “on the cusp” of an innovation exemption to enable compliant onchain trading of tokenized securities.
US Securities and Exchange Commission Chair Paul Atkins said the agency is nearing the release of an exemption that would allow market participants to trade tokenized securities onchain within a compliant framework.
Speaking at the Economic Club of Washington on Tuesday, Atkins said the SEC is close to introducing what he described as an exemption aimed at enabling limited activity in tokenized markets while the agency develops longer-term rules.
“We are on the cusp of releasing what I call an ‘innovation exemption,’ which will provide market participants with a cabined framework to begin facilitating the trading of tokenized securities onchain in a compliant fashion as the Commission works toward long-term rules of the road,” he said.
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