Mark T. Uyeda, a commissioner and former acting chairman of the U.S. Securities and Exchange Commission (SEC), has emphasized the transition of securities tokenization from concept to practical application. Uyeda stated that the SEC should avoid imposing unnecessary regulatory barriers on tokenization. He highlighted that during the Trump administration, the SEC shifted from enforcement as a primary regulatory tool to fostering innovation through guidance, public consultations, and exemption pilots. This approach aims to ensure investor protection while exploring compliant on-chain securities and real-world asset (RWA) integration. Uyeda noted that tokenization could reduce intermediaries, shorten settlement cycles, and enhance transparency, but tokenized securities must still adhere to existing securities laws.