Tokeny Proposes Regulatory Suggestions for Digital Securities to SEC

According to Foresight News, Tokeny, a provider of financial institution blockchain operating systems, has recently sent a letter to the U.S. Securities and Exchange Commission's crypto working group, offering recommendations on digital securities regulation. The company outlined four main suggestions in its correspondence: Firstly, Tokeny advocates for the application of consistent rules to identical assets, regardless of their technological form, suggesting that regulatory approaches should not change based on the technology used. Secondly, the company calls for the recognition of tokens as legitimate proof of ownership, emphasizing their legal status. Thirdly, Tokeny advises against imposing additional custodial requirements on digital securities, aiming to streamline regulatory processes. Lastly, the company recommends allowing the use of blockchain as a settlement layer, ensuring that it does not hinder transaction discovery. These proposals are part of Tokeny's efforts to influence the regulatory landscape for digital securities, seeking to align technological advancements with existing legal frameworks.