Tokenized Securities Roadmap Calls for Flexible Models and Clear SEC Guidance

A formal submission to the SEC outlines a multi-model approach for tokenized securities, challenging the notion that blockchain-based assets require a single standardized framework. The proposal emphasizes that diverse ownership structures—direct registration, beneficial ownership, and linked security models—can coexist on-chain just as they do in traditional capital markets.

Global jurisdictions are rapidly advancing tokenization pilots, while U.S. progress remains hampered by regulatory uncertainty. The roadmap argues flexible frameworks WOULD strengthen America’s position in digital asset markets without forcing artificial consensus on technical architecture.

Key to adoption is resolving custody, transfer, and settlement challenges across different models. The submission positions this as a competitive necessity: nations like Singapore and Switzerland already operate live tokenized systems, leaving the U.S. at risk of ceding leadership in financial innovation.