According to CoinMeta, there are market rumors that the U.S. Securities and Exchange Commission (SEC) is preparing to introduce a tokenization innovation exemption policy that would allow tokenized securities to be traded through registered transfer agents without the need for brokerage licenses or compliance with traditional trading platform rules, covering both retail investors in the United States and overseas investors. The founder of The Rollup stated that a large fund has already received approval from the SEC, and it is speculated that Ark, Fidelity, or BlackRock could be potential participants.