Share this article

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

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

U.S. Securities and Exchange Commission Chairman Jay Clayton
U.S. Securities and Exchange Commission Chairman Jay Clayton

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.

Read more: The SEC Has Rejected Every Bitcoin ETF. This Firm Thinks It Has a Solution

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the State of Crypto Newsletter today. See all newsletters

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

Kevin Reynolds

Kevin Reynolds is editor-in-chief at CoinDesk. Prior to joining the company in mid-2020, Reynolds spent 23 years at Bloomberg, where he won two CEO awards for moving the needle for the entire company and established himself as one of the world's leading experts in real-time financial news. In addition to having done almost every job in the newsroom, Reynolds built, scaled and ran products for every asset class, including First Word, a 250-person global news/analysis service for professional clients, as well as Bloomberg's Speed Desk and the training program that all Bloomberg News hires worldwide are required to take. He also turned around several other operations, including the company's flash headlines desk and was instrumental in the turnaround of Bloomberg's BGOV unit. He shares a patent for a content management system he helped design, is a Certified Scrum Master, and a veteran of the U.S. Marine Corps. He owns bitcoin, ether, polygon and solana.

Kevin Reynolds