The SEC didn’t immediately return Benzinga’s request for comment.
Notably, the agency announced it will hold an open meeting Friday "to create a tailored offering regime for certain investment contracts involving crypto assets."
Similar reports emerged in May, but the agency opted to delay the release as it weighed comments from stock-exchange officials, public companies and other market participants.
Crypto Giants Already Testing the Concept
Interestingly, exchange-traded fund expert Nate Geraci said that the CLARITY Act failing to pass is ironic because it hands the SEC free rein to fast-track cryptocurrency through existing laws with no congressional guardrails.
Tokenized equities are currently unavailable for trading in the U.S., though several firms are actively experimenting with the concept.
The total market for tokenized stocks is worth over $2.50 billion, according to rwa.xyz, with a monthly transfer volume of $21 billion and a total number of holders of 1.16 million.
Photo Courtesy: Ground Picture on Shutterstock.com
