Stock exchanges urge regulators to crack down on 'tokenised stocks'

Stock exchanges representatives warn against turning financial assets into cryptocurrencies

The World Federation of Exchanges (WFE) recently issued an open letter to major financial regulators urging them to address the rising interest in tokenized assets and cryptocurrency-based equities. The global trade group for publicly regulated stock, futures, and options exchanges is calling on institutions to take a more proactive stance...Read Entire Article

Stock Exchanges Urge Regulators to Crack Down on 'Tokenised Stocks ...

Stock exchanges urge regulators to crack down on 'tokenised stocks'

A group representing the world's biggest stock exchanges has called on securities regulators to clamp down on so-called tokenised stocks, arguing that the blockchain-based tokens create new risks for investors and could harm market integrity, a letter seen by Reuters shows.Tokenised equities are blockchain-ba

Regulators Face Pressure As Tokenised Stocks Gain Traction In Crypto Markets » News.ng

The World Federation of Exchanges (WFE) has sounded the alarm over tokenised stocks, cautioning regulators in the U.S. and Europe to act before risks spiral out of control. In a letter sent to the U.S. Securities and Exchange Commission (SEC), the European Securities and Markets Authority (ESMA), and the International Organisation of Securities Commissions (IOSCO), the UK-based body representing the world’s largest exchanges warned that the unch…

WFE Urges Crackdown on Tokens That Mimic Equities - Markets Media

The World Federation of Exchanges (WFE), the global industry group for exchanges and CCPs, has written to the SEC Crypto Task Force, IOSCO’s Fintech Task Force and the European Securities and Market Authority, warning of growing investor protection risks linked to the third-party tokenisation of mostly US equities by unregulated brokers and crypto-asset trading platforms. Third-party tokens may mimic equities without necessarily providing the sa…