Citadel to SEC: Tokenized Securities Must Offer Real Financial Innovation, Not Exploit Loopholes
As the U.S. Securities and Exchange Commission (SEC) moves closer to establishing a regulatory framework for tokenized securities, financial giant Citadel Securities is urging caution. In a recent statement, the firm emphasized that blockchain-based securities must bring tangible advancements in efficiency not just serve as a regulatory workaround. Tokenization Needs to Enhance Market Function, Not…