US regulators have set out how tokenised shares, bonds and other securities should be treated under existing securities law, as more financial products move on to blockchain networks.
The US Securities and Exchange Commission’s three units - Divisions of Corporation Finance, Investment Management and Trading and Markets - published a joint statement explaining how federal securities laws apply to tokenised securities. SEC said that putting a security on a blockchain does not change how the law applies The SEC defines a tokenised security as a normal financial security, such as a share, bond or fund unit, that is issued or recorded using blockchain technology. Owners