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Abstract: 

Traditional financial services firms are beginning to implement tokenization initiatives to increase speed and efficiency, offer new products, and access a broader customer base. When firms tokenize real-world assets on a blockchain, they must consider the regulatory implications and risks associated with tokenization. This article examines the concept of tokenization, the current regulatory implications for creators of tokenized assets, and the application of existing SEC and CFTC rules and regulations to those who hold, transfer, or otherwise transact in tokenized assets under the existing legal and regulatory framework. As this framework evolves under the Trump Administration, the industry may benefit from more legal certainty related to tokenized RWAs.

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Affiliations:  1: K&L Gates LLP; 2: K&L Gates LLP; 3: K&L Gates LLP; 4: K&L Gates LLP.