Former SEC counsel outlines how real-world asset tokenization can meet securities rules

Former SEC counsel Ashley Ebersole said regulatory attitudes, rather than technology, have been the main barrier to compliant real-world asset tokenization, though the Securities and Exchange Commission's stance has begun to shift. He outlined models where tokenized equities are issued through regulated intermediaries with full shareholder rights, while warning that differing global rules and yield structures still constrain cross-border and income-bearing RWA products.