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SEC Chairman Jay Clayton Says The Regulator Is Open To A Tokenized Exchange Traded Fund
Summary: Securities and Exchange Commission Chairman Jay Clayton stated that the SEC is open to authorizing a tokenized exchange traded fund during a recent webinar with the Digital Chamber of Commerce, as reported by Decrypt. A tokenized ETF would be a tokenized stock that represents an index. Clayton said that it is possible stocks will all ...
Securities and Exchange Commission Chairman Jay Clayton stated that the SEC is open to authorizing a tokenized exchange traded fund during a recent webinar with the Digital Chamber of Commerce, as reported by Decrypt.
A tokenized ETF would be a tokenized stock that represents an index. Clayton said that it is possible stocks will all become tokenized adding that he is happy to meet with anyone who can present a plan to either tokenize stocks or create a tokenized ETF in a way that adds efficiency.
Despite Clayton's welcoming words, the SEC has not ruled kindly in the DeFi realm. The regulator has repeatedly rejected attempts to create a Bitcoin ETF — a favorite project of the Winklevoss brothers — and has gone after other companies offering tokenized stocks.
By Emily Mason
Tags: Chairman Jay Clayton,Digital Chamber of Commerce,Securities and exchange commission,Tokenized Exchange Traded Fund
Link: SEC Chairman Jay Clayton Says The Regulator Is Open To A Tokenized Exchange Traded Fund [Copy]
