SEC Is Willing to 'Try' a Tokenized ETF, Chairman Says: Report

SEC Chairman Jay Clayton expressed an openness to a tokenized exchange-traded fund.

Oct 3, 2020, 3:52 PM

Updated Aug 19, 2021, 4:44 AM

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Securities and Exchange Commission (SEC) Chairman Jay Clayton said the regulatory body's open to the idea of a tokenized exchange-traded fund (ETF), according to a report by Decrypt.

"We're willing to try that. Our door is wide open," the report quoted Clayton as saying in a webinar yesterday with the Chamber of Digital Commerce.
While Clayton's statements expressed a willingness to explore the idea of tokenized stocks, the report also noted recent actions by the regulatory body that would seem to indicate the day those ideas becoming reality is still a ways off.

Correction (Oct. 4, 19:55 UTC): Fixes name of hosting group to Chamber of Digital Commerce.

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Kevin Reynolds

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