How the SEC’s five-year plan could accelerate tokenized capital markets

Quick Take

1. The SEC’s draft five-year plan adds digital assets and blockchain as a standalone objective, framing them as financial infrastructure.
2. That shift matters because institutional capital often waits for regulatory certainty, and a roadmap can move approvals before new rules.
3. The unresolved issue is whether the SEC-CFTC harmonization and CLARITY Act will follow, locking tokenized markets into statute.