Tokenized securities

Tokenized securities are financial instruments, such as stocks, bonds and investment fund interests, represented digitally on a blockchain or other distributed ledger. They enable ownership records and transfers to be managed through digital infrastructure, potentially improving settlement efficiency, accessibility and the use of assets as collateral. Depending on their structure, tokenized securities may provide direct ownership rights, represent interests in securities held in custody, or offer synthetic exposure to an underlying asset. They remain subject to applicable securities laws and regulations.