Citadel Securities Asks SEC to Tread Cautiously on Tokenization

Citadel Securities wants the US Securities and Exchange Commission to proceed more slowly on allowing “tokenized” securities to take off.

SEC Chairman Paul Atkins has spoken recently about streamlining traditional securities rules to help companies offer tokenized securities. The result could be investor confusion and an uneven playing field for exchanges and publicly traded companies, Citadel Securities said in a comment letter sent Monday to the SEC’s Crypto Task Force.