SEC Chair Advocates for On-Chain Finance Shift, Highlights Tokenization Pilot
SEC Chair Paul Atkins has signaled a significant shift in regulatory posture, endorsing crypto-native infrastructure as part of the future financial system. "US financial markets are poised to MOVE on-chain," Atkins declared on X, emphasizing the SEC's commitment to fostering innovation while maintaining investor protections.
The regulator's stance was underscored by a no-action letter approving the Depository Trust Company's tokenization pilot. This initiative allows DTC participants to experiment with distributed ledger technology for recording security entitlements—a tacit acknowledgment of blockchain's potential to modernize capital markets infrastructure.
Atkins' remarks mark a notable departure from traditional skepticism, positioning tokenization as a strategic priority rather than a regulatory target. The DTC pilot represents the first concrete step toward institutional adoption of on-chain settlement mechanisms.
