US SEC Commissioner: Tokenized securities are still securities and must still comply with federal securities laws when traded

SEC Commissioner Hester M. Peirce Releases Statement on Tokenizing Securities. The content includes "While blockchain technology is extremely powerful, it does not change the nature of the underlying asset. Tokenized securities are still securities. Therefore, market participants must consider and comply with federal securities laws when trading. Unaffiliated third parties holding securities issued by other entities may issue new tokenized securities linked to the securities they hold, or tokenize the equity interests in securities held by investors. Investors purchasing such third-party tokens may face unique risks, such as counterparty risk. Distributors of tokenized securities must consider their disclosure obligations under federal securities laws." [Foresight News]