CTF Written Submission

Letter to the Crypto Task Force

Feb. 25, 2025
  • The submission focuses on the tokenization of traditional securities, emphasizing the need for regulatory clarity to accelerate innovation while ensuring fair, orderly, and efficient capital markets.
  • The document highlights the importance of privacy, control, security, and transaction finality in blockchain-based books and records, advocating for the use of blockchain as permissible electronic books and records.
  • Recommendations include providing no-action relief for market participants conducting core market transactions with tokenized traditional securities, enabling real-time settlement and the use of tokenized securities as collateral.

Last Reviewed or Updated: April 3, 2025