Fidelity calls on the U.S. SEC to improve the regulatory framework for broker-dealers' crypto activities on alternative trading systems.

CoinFeed reported on March 23 that, according to Cointelegraph, Fidelity Investments sent a letter to the U.S. Securities and Exchange Commission (SEC) on March 22, urging the agency to continue improving the regulatory framework for broker-dealers offering, custodiing, and trading crypto assets on alternative trading systems (ATS). The third-largest asset manager in the U.S. stated that developing comprehensive rules for tokenized securities trading, including rules for trading tokenized securities issued by third parties, is crucial. In its letter, Fidelity pointed out that tokenized instruments differ in their issuance structure, legal attributes, and valuation models; for example, tokenized real-world assets encompass different asset classes such as stocks, real estate, and bonds.