Citadel Securities has urged the U.S. Securities and Exchange Commission to proceed cautiously with any initiatives that would accelerate the adoption of tokenized securities, warning that a hasty approach could disrupt existing capital markets and marginalize institutional investors.
The market-making giant submitted its recommendations in a formal letter to the SEC’s Crypto Task Force, arguing that any regulatory framework for tokenized securities should be developed through a structured rulemaking process rather than informal guidance or piecemeal exemptions.
The letter comes as SEC Chairman Paul Atkins continues to express openness to reforming traditional securities regulations to accommodate blockchain-based innovations.
Tokenized securities are digital representations of traditional financial instruments, such as stocks or bonds, that can be traded on blockchain networks. These tokens typically do not grant direct ownership of the underlying asset but enable features like frac
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