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 at 3:52 p.m. UTC
Updated Sep 14, 2021 at 10:04 a.m. UTC

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.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.