Tokenized Securities

Former New York Gov. Andrew Cuomo urged Congress to pass the CLARITY Act, arguing that clearer federal rules are needed for crypto firms and traditional financial institutions. He warned that leaving policy to regulators could create shifting standards as political control changes in Washington.

Coinbase is building an international tokenization hub in Abu Dhabi after receiving permission from the Abu Dhabi Global Market regulator. The move gives the exchange a regulated base to offer tokenized securities backed by underlying shares outside the U.S.

The U.S. Securities and Exchange Commission is preparing to vote on a proposal for Regulation Crypto, its first formal rulemaking aimed at creating a more durable framework for certain digital asset offerings. The move comes shortly after the Senate left town without advancing the Clarity Act, keeping regulatory momentum inside the SEC for now.

The Clarity Act has missed a key Senate window, raising doubts over whether a comprehensive U.S. crypto market structure law can pass this year. Even so, regulators and banking agencies are already advancing policies that could shape digital asset oversight without a new statute.

Blockchain Association CEO Summer Mersinger is pushing back against criticism of the Clarity Act, arguing that the bill supports innovation, competition and consumer protection. The debate centers on stablecoin rewards, DeFi oversight, tokenized securities and whether crypto market structure rules should favor open competition or incumbent institutions.

Ondo Finance has moved away from its earlier layer-1 blockchain plan and introduced Ondo Network, a trading system designed for institutional tokenized asset markets. The network powers Ondo Perps and separates private, high-speed execution from settlement on public blockchains.

Cantor Fitzgerald and Securitize are collaborating to modernize initial public offerings through tokenization and blockchain infrastructure. The initiative is designed to let public companies raise capital and issue securities onchain while remaining within established public offering frameworks.

Transfer agents are pressing U.S. regulators to distinguish issuer-authorized tokenized shares from third-party stock tokens as blockchain-based equities gain momentum. The debate could shape investor rights, market structure and the future of tokenized securities in the United States.

The U.S. Securities and Exchange Commission is preparing a major crypto rule proposal that could create temporary exemptions from securities registration for some digital asset activity. The initiative, known as Regulation Crypto, is positioned as a key step in the agency’s broader effort to clarify crypto fundraising, custody and tokenized securities rules.

Ondo Finance has launched what it says is the first implementation of the SEC’s third-party custodial tokenization model. The rollout begins with BlackRock’s IVV ETF and Micron shares under a U.S. market framework.

tZERO has accused Securitize of infringing patents tied to tokenized securities infrastructure, escalating the rivalry with a cease-and-desist letter. Securitize answered by seeking a federal court ruling that it does not infringe as Wall Street deepens its push into onchain assets.