Tokenized securities are still securities – SEC Peirce’s warning!

Key Points

1. The SEC stated that tokenized securities are still securities, with Commissioner Peirce noting blockchain technology doesn't change the nature of the underlying asset.

2. Robinhood launched tokenized U.S. equities for E.U. users, including private firms like OpenAI and SpaceX, which were criticized as 'fake' by the companies.

3. Backed Finance introduced xStocks, offering tokenized stocks and ETFs on the Solana ecosystem and exchanges like Kraken and Bybit.

4. Bitwise CIO Matt Hougan projected the tokenized market could grow 4000x in the coming years, recommending exposure through L1 tokens or crypto stocks like Robinhood and Coinbase.

5. Bloomberg ETF analyst James Seyffart interpreted Peirce's statement as a 'warning' to Robinhood regarding the regulatory stance on tokenized securities.