In plain English: Where tokenized securities stand under the rules in each place this wiki tracks, in one table.
Each row gives the status and the main rule or regulator guidance, linked to the regulator’s own document. Not yet collected means this wiki has no source for that place yet; it does not mean there are no rules. 0 of 12 jurisdictions are not yet collected.
Status key. Rules in force: a rule, order or licence regime that applies now. Pilot or sandbox: a time-limited or capped regime. Regulator guidance: guidance on how existing securities law applies to tokens. Proposed: filed or proposed, not yet approved.
For the detail behind each row, see Regulation, Innovation Exemption and International.
Reference information only, not investment advice or legal advice.
Sources
Public originals for the facts on this page.
- https://apps.sfc.hk/edistributionWeb/gateway/EN/circular/doc?refNo=23EC52
- https://apps.sfc.hk/edistributionWeb/gateway/EN/circular/doc?refNo=26EC22
- https://apps.sfc.hk/edistributionWeb/gateway/EN/circular/doc?refNo=26EC23
- https://assets.adgm.com/download/assets/guidance-on-regulation-of-digital-securities-activities-in-adgm.pdf/f57b23cc3a0a11ef857b6e984d6ae48f
- https://business.cch.com/srd/34-106402091726.pdf
- https://dfpi.ca.gov/regulated-industries/digital-financial-assets/digital-financial-assets-law-frequently-asked-questions/digital-financial-assets-law-preparing-for-your-application/
- https://investors.bullish.com/news-releases/news-release-details/bullish-launches-tokenized-equity-trading
- https://ir.wisdomtree.com/news-events/press-releases/detail/777/wisdomtree-to-launch-247-trading-and-instant-settlement
- https://robinhood.com/eu/en/support/articles/stock-tokens-faq/
- https://rulebooks.vara.ae/rulebook/virtual-asset-issuance-rulebook
- https://ssb.texas.gov/texas-securities-act-board-rules
- https://www.adgm.com/globalassets/market-disclosure/content/prospectus/btech-holdings-prospectus----11-june---nvidia-bstocks_06_11_2026_16-44-54.pdf
- https://www.bankofengland.co.uk/financial-stability/digital-securities-sandbox
- https://www.bankofengland.co.uk/paper/2026/cp/supervisory-expectations-for-ccps-seeking-to-accept-tokenised-collateral
- https://www.bvifsc.vg/news/industry-updates/virtual-assets-service-providers-act-2022
- https://www.cftc.gov/PressRoom/PressReleases/9303-26
- https://www.consilium.europa.eu/en/press/press-releases/2026/10/09/savings-and-investments-union-council-agrees-key-elements-of-crucial-measures-to-deepen-eu-capital-markets/
- https://www.dfs.ny.gov/apps_and_licensing/virtual_currency_businesses
- https://www.esma.europa.eu/publications-and-data/interactive-single-rulebook/mica/article-2-scope
- https://www.esma.europa.eu/sites/default/files/2025-06/ESMA75-117376770-460_Report_on_the_functioning_and_review_of_the_DLTR_-_Art.14.pdf
- https://www.fca.org.uk/publications/feedback-statements/fs26-1-tokenisation-wholesale-markets
- https://www.federalregister.gov/documents/2026/10/23/2026-21706/implementing-the-guiding-and-establishing-national-innovation-for-us-stablecoins-act-for-the
- https://www.finma.ch/en/authorisation/fintech/dlt-handelssystem/
- https://www.jerseyfsc.org/industry/guidance-and-policy/tokenisation-of-real-world-assets-rwas/
- https://www.mas.gov.sg/regulation/guidelines/guide-on-tokenisation-of-cmps
- https://www.nyse.com/publicdocs/nyse/markets/nyse/rule-filings/sec-approvals/2026/%28SR-NYSE-2026-17%29_34-105260.pdf
- https://www.sec.gov/files/rules/sro/nasdaq/2026/34-105047.pdf
- https://www.sec.gov/files/tm/no-action/dtc-nal-121125.pdf
- https://www.sec.gov/newsroom/speeches-statements/corp-fin-statement-tokenized-securities-012826-statement-tokenized-securities
- https://www.sec.gov/rules-regulations/self-regulatory-organization-rulemaking/sr-24x-2026-20
- https://www.wam.ae/en/article/bzp2c5q-capital-market-authority-issues-virtual-assets
- https://www.wyoleg.gov/2019/Enroll/SF0125.pdf