Custody is where that responsibility crystallises.”What the SEC Actually ChangedThe SEC’s guidance clarifies that “physical possession” does not require physical certificates or legacy custody models. This aligns crypto custody with the same risk-based logic already applied across traditional financial markets. Broker-dealers can now design custody systems for tokenised securities without fear that compliance itself will be questioned later. It made tokenised securities custodiable within the existing financial system. Without custody, markets cannot scale.

Source: dna January 02, 2026 05:52 UTC