<ul data-eligibleForWebStory="false">SEC official David Hirsch emphasizes that tokenized assets remain subject to securities laws if classified as securities.Tokenizing traditional assets like stocks or bonds on a blockchain doesn't alter their legal treatment under U.S. law.Hirsch warns that tokenized products will be governed by the same regulations including disclosure and registration requirements.Regulators are closely monitoring major firms like BlackRock and Franklin Templeton venturing into tokenized finance.