FKBR Quick Take: Tokenizing Private Offering Securities

This edition of FKBR’s Quick-Take series examines the tokenization of private offering securities and the U.S. Securities and Exchange Commission’s January 28, 2026 Statement on tokenized securities. It explains what tokenization means, clarifies that it does not change the application of federal securities laws, addresses common misconceptions about liquidity and compliance, and outlines key considerations for issuers, including transfer restrictions, disclosure, and third-party platform risks.