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

Oct 3, 2020 at 15:52 UTC.Securities and Exchange Commission Chairman Jay Clayton said the regulatory body's open to the idea of a tokenized exchange-traded fund, 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 Digital Chamber of 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 the day those ideas becoming reality is still a ways off.