New SEC Chair Paul Atkins views tokenization as a means of promoting financial innovation in the capital markets.
Atkins believes blockchain-based asset tokenization should be encouraged rather than restricted, contrasting with the approach of former SEC Chair Gary Gensler.
Tokenization is gaining global traction, with its role in accelerating crypto adoption highlighted in various reports and its value exceeding $24 billion this year for tokenized real-world assets.
Under Atkins, the SEC has adopted a pro-crypto stance, providing clearer guidelines for digital assets and approving the first crypto staking ETF in the U.S., reflecting a shift in regulatory focus towards tokenization.