The Securities and Exchange Commission has included tokenization among its fiscal 2027 examination priorities, alongside quantum computing and extended trading hours. The agency will examine tokenized securities and operational risks at clearing agencies, as well as default management and securities lending. Cryptoassets remain absent as a standalone examination priority for the second consecutive year, with the SEC last dedicating a specific section to them in its fiscal 2025 priorities. This development comes as traditional financial institutions move further into tokenized securities, including through a joint venture between OKX and Intercontinental Exchange that filed to launch a platform offering tokenized shares in more than 60 U.S.-listed companies.
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