Editor’s Note (2026): This interview was conducted during the early institutional phase of blockchain and digital securities adoption. While certain references to timelines, market maturity, and...
Understanding the Token Safe Harbor ProposalThe Token Safe Harbor Proposal—formally titled Proposed Securities Act Rule 195—was introduced by Hester Peirce, a commissioner at the SEC. The...
Why Digital Securities Need Purpose-Built BlockchainsEarly digital securities platforms largely relied on general-purpose blockchains such as Ethereum . While flexible, these networks were not designed to...
Why Singapore’s Sandbox Matters for Digital SecuritiesAs digital securities evolved beyond pilot projects, regulators faced a core challenge: enabling innovation without compromising market stability. Singapore addressed...
The Problem With Token TaxonomySince the emergence of ICOs and tokenized fundraising, regulators have attempted to categorize digital assets into discrete buckets such as utility tokens,...
