SEC 2025 Guidance: Tokenised Stocks and Bonds Under Existing Regulations
The U.S. Securities and Exchange Commission (SEC) has clarified regulatory expectations for tokenized securities, mandating broker-dealers maintain exclusive control over private keys. This positions tokenized assets under the same custody rules as traditional securities, requiring compliance from platforms like Coinbase and Nasdaq.
Broker-dealers must meet stringent operational and security standards to custody tokenized stocks and bonds. The SEC's Trading and Markets Division emphasized that intermediaries cannot bypass broker oversight, reinforcing investor protections in digital asset markets.
This guidance creates a compliance framework for crypto exchanges offering tokenized securities, potentially accelerating institutional adoption while maintaining existing market safeguards.
