SEC Paves Way for On-Chain Markets with New Regulatory Framework
The US Securities and Exchange Commission (SEC) is making plans for on-chain markets, indicating a shift in regulatory focus towards digital assets and tokenized securities. In March, the SEC and Commodity Futures Trading Commission (CFTC) signed a memorandum of understanding that established five categories for crypto assets: digital commodities, collectibles, tools, stablecoins, and securities.
The SEC's Fiscal Years 2026-2030 Strategic Plan identifies digital assets and distributed ledger technology as a strategic priority within its mission to protect investors and maintain market integrity. The plan outlines an A-C-T framework: Advance, Clarify, and Transform, which is reflected in the SEC's planning documents.
The Depository Trust & Clearing Corporation (DTCC) has already processed live production trades in tokenized securities, with over two dozen institutions participating, including JPMorgan, Goldman Sachs, and BlackRock. The transactions covered tokenized equities, ETFs, and Treasurys across collateral transfers, repo, margin, and asset movements.