According to online reports, the U.S. SEC issued a statement on the tokenization of securities, saying that blockchain technology has opened up a new model for issuing and trading securities in the form of "tokenization". Tokenization has the potential to promote capital formation and enhance investors 'ability to use their assets as collateral. However, despite blockchain technology's potential, it does not have the "magic" to change the nature of the underlying asset. Securities that are tokenized are still securities. Therefore, market participants must carefully consider and comply with the relevant provisions of federal securities laws when trading such instruments.