SEC加密特遣部队将很快举办其下一个大圆桌会议，“令牌化 - 搬家资产OnChain：Tradfi和Defi Meet olet of tradfi和Defi的地方”

5月12日的加密货币圆桌会议将包括两个主面板讨论，这些讨论很可能会对SEC关于资产令牌化的政策有用。

The Securities and Exchange Commission (SEC) is preparing for its next big crypto event. On May 12, the SEC’s Crypto Task Force will host a roundtable titled “Tokenization — Moving Assets Onchain: Where TradFi and DeFi Meet”.

美国证券交易委员会（SEC）正在为下一次大型加密赛准备。 5月12日，美国证券交易委员会（SEC）的加密特遣部队将举办一个圆桌会议的标题为“令牌化 - 移动资产OnChain：Tradfi和Defi相遇的地方”。

The event will feature top-level executives from large financial institutions and crypto players to discuss the regulation of tokenizing traditional assets.

该活动将以大型金融机构和加密货币参与者的高级管理人员为特色，讨论对传统资产的规定。

The May 12 crypto roundtable will include two main panel discussions that might well shed some useful light on the SEC’s policy on asset tokenization. One of them is “Evolution of Finance: Capital Markets 2.0.” The panel will probably cover how traditional capital markets are evolving to include blockchain technology and what regulatory issues an evolution of that kind raises.

5月12日的加密货币圆桌会议将包括两个主面板讨论，这些讨论很可能会对SEC关于资产令牌化的政策有用。其中之一是“金融的发展：资本市场2.0”。该小组可能会涵盖传统的资本市场如何发展，包括区块链技术以及这种加剧的监管问题。

With Robert Mitchnick of BlackRock and Cynthia Lo Bessette of Fidelity on the panel, participants will learn from firms that have been successful in rolling out digital asset products. These executives lead firms overseeing trillions of assets that have just dipped their toes into cryptocurrency products.

在面板上，贝莱德（Blackrock）的罗伯特·米奇尼克（Robert Mitchnick）和菲德尔（Fidelity）的辛西娅·罗贝特（Cynthia lo Bessette）将向参与者学习成功推出数字资产产品的公司。这些高管领导的公司负责监督刚刚将脚趾浸入加密货币产品的数万亿资产。

Nasdaq’s participation through Eun Ah Choi suggests the discussion may also include how conventional market infrastructure providers view tokenized securities trading. This may include an inquiry into potential changes to existing exchange frameworks and settlement infrastructures.

纳斯达克通过Eun AH Choi的参与表明，讨论还可能包括传统市场基础设施提供商如何看待令牌化证券交易。这可能包括对现有交换框架和和解基础架构的潜在更改的调查。

According to the SEC meeting brief, the second panel, “The Future of Tokenization,” will feature participants from companies like Robinhood, Chia Network, and Securitize. They will potentially focus on longer-term technological and regulatory developments. The SEC is particularly interested in hearing ideas about appropriate regulatory approaches to tokenization because of Commissioner Peirce’s comments.

根据SEC会议摘要，第二小组“代币化的未来”将以Robinhood，Chia Network和Securitize等公司的参与者为特色。他们将有可能专注于长期的技术和法规发展。 SEC特别有兴趣听取有关专员Peirce的评论，了解有关适当监管方法的想法。

Key themes likely to dominate the crypto discussion

可能主导加密讨论的关键主题

Some of the top themes that will arise in the SEC’s tokenization roundtable are dependent on the list of panelists and the current regulatory landscape. Interoperability and standards of asset tokenization can be a major subject of discussion, and the DTCC and major bank panelists will address how current securities infrastructure can be extended to accommodate tokenized assets.

SEC的代币化圆桌会议中将出现的一些顶级主题取决于小组成员名单和当前的监管格局。资产令牌化的互操作性和标准可能是讨论的主要主题，DTCC和主要银行小组成员将如何解决当前证券基础设施如何扩展以适应标记资产。

The distinction between security tokens and utility tokens may receive attention, especially with Commissioner Peirce leading the Crypto Task Force. Her previous “safe harbor” proposal for token projects suggests the SEC might be looking into more nuanced approaches to token classification beyond the current application of the Howey test.

安全令牌与公用事业令牌之间的区别可能会受到关注，尤其是在Peirce专员领导加密货币工作队的情况下。她以前针对令牌项目的“安全港”提案表明，SEC可能正在研究除了当前的Howey测试应用外，对令牌分类的方法更为细微。

The SEC crypto team could also address tokenized asset custody offerings. This is because Fidelity and BlackRock may be negotiating institutional-grade custody requirements. This subject is especially relevant in the wake of the SEC’s enforcement actions on crypto custody activities.

SEC加密团队还可以解决令牌化资产保管产品。这是因为保真度和黑石可能正在谈判机构级的监护要求。在SEC执行加密监护活动的执行行动之后，该主题尤其重要。

Market structure issues, such as trading venues and settlement systems for tokenized securities, will likely be at the forefront with Nasdaq’s involvement. Issues around where tokenized assets fit into the current market infrastructure versus possibly new ones might also arise.

纳斯达克的参与可能会处于最前沿的市场结构问题，例如为标记证券的交易场所和结算系统。关于标记资产适合当前市场基础设施与可能的新资产的问题也可能出现。

Apollo Management and Invesco will address compliance challenges for traditional financial institutions entering the tokenization space. BlackRock’s presence at the roundtable comes at a time when there has been competition between Strategy and BlackRock to purchase Bitcoin. According to the most recent information, Strategy spent $180 million to purchase 1,895 Bitcoin.

Apollo Management和Invesco将针对进入令牌化领域的传统金融机构应对合规性挑战。贝莱德（Blackrock）在圆桌会议上的存在是在战略与贝莱德（Blackrock）购买比特币之间的竞争时。根据最新信息，战略花费了1.8亿美元购买1,895个比特币。