The U.S. SEC is preparing to revise KYC requirements to allow users to complete identity verification just once for access to tokenized securities on-chain. This regulatory shift aims to enable composability between different trading venues and tokenization platforms by eliminating redundant verification processes. The updated framework will permit users to leverage zero-knowledge proof-based identity systems to split orders across multiple venues for execution. This capability is designed to facilitate larger-scale trades while maintaining compliance through a unified on-chain identity standard.