{"id":3744248,"date":"2026-05-19T06:56:39","date_gmt":"2026-05-19T10:56:39","guid":{"rendered":"https:\/\/www.pymnts.com\/?p=3744248"},"modified":"2026-05-19T06:56:39","modified_gmt":"2026-05-19T10:56:39","slug":"sec-developing-framework-to-permit-tokenized-stocks","status":"publish","type":"post","link":"https:\/\/www.pymnts.com\/blockchain\/2026\/sec-developing-framework-to-permit-tokenized-stocks\/","title":{"rendered":"SEC Developing Framework to Permit Tokenized Stocks"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The Trump administration is reportedly readying a plan for trading digital versions of securities.<\/span><\/p><div\r\n\tid=\"article-paywall-overlay\"\r\n\tclass=\"d-none\"\r\n>\r\n\t<div id=\"article-paywall-content\" class=\"my-4\">\r\n\t\t\n<div class=\"wpcf7 no-js\" id=\"wpcf7-f2699550-o1\" lang=\"en-US\" dir=\"ltr\" data-wpcf7-id=\"2699550\">\n<div class=\"screen-reader-response\"><p role=\"status\" aria-live=\"polite\" aria-atomic=\"true\"><\/p> 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name=\"email\" \/>\n\t\t\t<\/div>\n\t\t\t<div class=\"col-12\">\n\t\t\t\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"newsLetterChoice\"><span class=\"wpcf7-form-control wpcf7-checkbox me-1\" id=\"checkNewsletter\"><span class=\"wpcf7-list-item first last\"><input type=\"checkbox\" name=\"newsLetterChoice[]\" value=\"yes\" checked=\"checked\" \/><span class=\"wpcf7-list-item-label\">yes<\/span><\/span><\/span><\/span><span class=\"small\">Subscribe to our daily newsletter, PYMNTS Today.<\/span>\n\t\t\t\t<\/p>\n\t\t\t\t<p class=\"small lh-base\" style=\"font-size:.9rem;\">By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our <a class=\"fw-bold\" href=\"https:\/\/pymnts-com-develop.go-vip.net\/privacy-policy\/\">Privacy Policy<\/a> and <a class=\"fw-bold\" href=\"https:\/\/pymnts-com-develop.go-vip.net\/terms-conditions\/\">Terms and Conditions<\/a>.\n\t\t\t\t<\/p>\n\t\t\t\t<p><input id='hiddenPath' type='hidden' name='path' value='' \/><input type='hidden' name='userDeviceId' id='userDeviceId' \/><input type='hidden' name='pageTitle' id='pageTitle' \/>\n\t\t\t\t<\/p>\n\t\t\t<\/div>\n\t\t\t<div class=\"col-12\">\n\t\t\t\t<div id='formButtonRow' class='container mt-1 px-0'>\n\t\t\t\t\t<p><input class=\"wpcf7-form-control wpcf7-submit has-spinner btn btn-dark text-uppercase py-2 px-5 small\" id=\"theSubmitButton\" type=\"submit\" value=\"Submit\" \/>\n\t\t\t\t\t<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/div><input type=\"hidden\" name=\"post_id\" value=\"3744248\" \/><input type=\"hidden\" name=\"source\" value=\"https:\/\/www.pymnts.com\/blockchain\/2026\/sec-developing-framework-to-permit-tokenized-stocks\/\" \/><p style=\"display: none !important;\" class=\"akismet-fields-container\" data-prefix=\"_wpcf7_ak_\"><label>&#916;<textarea name=\"_wpcf7_ak_hp_textarea\" cols=\"45\" rows=\"8\" maxlength=\"100\"><\/textarea><\/label><input type=\"hidden\" id=\"ak_js_1\" name=\"_wpcf7_ak_js\" value=\"188\"\/><script>document.getElementById( \"ak_js_1\" ).setAttribute( \"value\", ( new Date() ).getTime() );<\/script><\/p><div class=\"wpcf7-response-output\" aria-hidden=\"true\"><\/div>\n<\/form>\n<\/div>\n\r\n\t<\/div>\r\n<\/div>\r\n<div id=\"article-paywall-hidden-content\">\r\n\t\n<p><span style=\"font-weight: 400;\">That&#8217;s according to a <\/span><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-05-18\/sec-is-said-to-ready-plan-for-trading-crypto-versions-of-stocks?srnd=homepage-americas\"><span style=\"font-weight: 400;\">report<\/span><\/a><span style=\"font-weight: 400;\"> Tuesday (May 18) from Bloomberg News, which characterizes the proposal from the <\/span><a href=\"https:\/\/www.sec.gov\/\"><span style=\"font-weight: 400;\">Securities and Exchange Commission<\/span><\/a><span style=\"font-weight: 400;\"> (SEC) as one that could reconfigure the U.S. stock market.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Sources told Bloomberg that the SEC could unveil its &#8220;innovation exemption&#8221; for tokenized stocks as soon as this week, establishing a framework for betting on public companies.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As covered here Wednesday, tokenization creates digital representations of <\/span><a href=\"https:\/\/www.pymnts.com\/blockchain\/2026\/tokenized-real-world-asset-value-jumps-fourfold-to-26-billion\/\"><span style=\"font-weight: 400;\">real-world assets<\/span><\/a><span style=\"font-weight: 400;\">, like shares or bonds, on a distributed ledger.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8220;Regulators view the technology as a primary driver for efficiency, potentially streamlining security issuance and asset management while lowering costs and enhancing market resilience,&#8221; PYMNTS wrote in a report on a <\/span><a href=\"https:\/\/www.pymnts.com\/blockchain\/2026\/uk-regulators-unveil-blueprint-for-asset-tokenization-in-wholesale-markets\/\"><span style=\"font-weight: 400;\">similar proposal<\/span><\/a><span style=\"font-weight: 400;\"> in the U.K.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In what the Bloomberg report calls a surprise move, the commission is leaning toward permitting the trading of tokens that don&#8217;t have the consent of the public companies whose shares they track, the sources added.<\/span><\/p><div id=\"pymnt-830523094\" class=\"pymnt-content pymnt-entity-placement\" style=\"margin-top: 50px;\"><p style=\"text-align:center\">Advertisement: Scroll to Continue<\/p><script async type=\"text\/javascript\" id=\"dianomi_context_script\" src=\"https:\/\/www.dianomi.com\/js\/contextfeed.js\"><\/script> \r\n<div class=\"dianomi_context\" data-dianomi-context-id=\"4329\"><\/div><\/div>\n<p><span style=\"font-weight: 400;\">Bloomberg notes that this move would be among the most significant regulatory tests of whether stock trading can occur within crypto infrastructure without the safeguards found on traditional equity markets.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The report also points out the vulnerabilities at play here. For example, this year has seen several decentralized finance platforms <\/span><a href=\"https:\/\/www.pymnts.com\/blockchain\/2026\/podcast-inside-the-9-billion-defi-hack-thats-shaking-cryptos-foundations\/\"><span style=\"font-weight: 400;\">targeted in hacks<\/span><\/a><span style=\"font-weight: 400;\"> that siphoned away hundreds of millions in digital assets.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">And the <\/span><a href=\"https:\/\/www.sifma.org\/\"><span style=\"font-weight: 400;\">Securities Industry and Financial Markets Association<\/span><\/a><span style=\"font-weight: 400;\"> (SIFMA) has warned that a lack of standards like market interconnectivity and price transparency for tokenized markets could cause markets to &#8220;fragment and become disorderly.&#8221;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cIf third parties can <\/span><a href=\"https:\/\/www.pymnts.com\/blockchain\/2025\/robinhood-dealing-with-fallout-of-tokenized-equities-offering\/\"><span style=\"font-weight: 400;\">tokenize<\/span><\/a> <a href=\"https:\/\/www.apple.com\/\"><span style=\"font-weight: 400;\">Apple<\/span><\/a><span style=\"font-weight: 400;\"> or <\/span><a href=\"https:\/\/www.amazon.com\/\"><span style=\"font-weight: 400;\">Amazon<\/span><\/a><span style=\"font-weight: 400;\"> without the issuer at the table, there\u2019s no theoretical limit on how many wrappers of the same company exist at once,\u201d <\/span><a href=\"https:\/\/securitize.io\/press-releases\/brett-redfearn-advisory-board\"><span style=\"font-weight: 400;\">Brett Redfearn<\/span><\/a><span style=\"font-weight: 400;\">, president of tokenization firm <\/span><a href=\"https:\/\/securitize.io\/\"><span style=\"font-weight: 400;\">Securitize<\/span><\/a><span style=\"font-weight: 400;\"> and former director of the SEC\u2019s trading and markets division, told Bloomberg.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cThis could create a whole new level of market fragmentation and could leave investors less certain what their shares are actually worth at any moment.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The report added that the exemption has been presented as a way to let companies experiment with tokenized securities without violating US securities laws.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, industry players like Citadel Securities and SIFMA have warned that broad exemptions for tokenized stocks could hamstring investor protections such as <\/span><a href=\"https:\/\/www.pymnts.com\/artificial-intelligence-2\/2026\/agentic-commerce-pushes-know-your-human-into-verification-processes\/\"><span style=\"font-weight: 400;\">know-your-customer<\/span><\/a><span style=\"font-weight: 400;\"> (KYC) and anti-money laundering (AML) laws.<\/span><\/p>\n\r\n<\/div>\r\n<script>\r\n\twindow.pymntsAllowedArticleCount = 1;\r\n\twindow.pymntsPostID = 3744248;\r\n<\/script>","protected":false},"excerpt":{"rendered":"<p>The Trump administration is reportedly readying a plan for trading digital versions of securities. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content \u2014 no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3505828,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","pymnts_footnotes":""},"categories":[14874],"tags":[9206,133069,5858,5859,7507,4187,75272,140086,165039,5299],"class_list":["post-3744248","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-news","tag-pymnts-news","tag-sec","tag-securities-and-exchange-commission","tag-stock-market","tag-tokenization","tag-tokenized-assets","tag-tokenized-securities","tag-tokenized-stocks","tag-whats-hot"],"acf":{"suggested_titles":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>SEC Developing Framework to Permit Tokenized Stocks<\/title>\n<meta name=\"description\" content=\"The Trump administration is reportedly readying a plan for trading digital versions of securities, or tokenized stocks.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pymnts.com\/blockchain\/2026\/sec-developing-framework-to-permit-tokenized-stocks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SEC Developing Framework to Permit Tokenized Stocks | PYMNTS.com\" \/>\n<meta property=\"og:description\" content=\"The Trump administration is reportedly readying a plan for trading digital versions of securities. 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