Andy, founder of The Rollup, said on X:SEC plans to adjust the one-time tokenized-securities KYC
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AT A GLANCE
The source said the US SEC plans to adjust KYC, allowing users to access tokenized securities on-chain after a single verification.
Article
Source: The US SEC plans to revise KYC requirements so that users need only a single identity verification to access tokenized securities on-chain
PANews September 25 reports that Andy, founder of The Rollup, posted on X that a source revealed that the US SEC is preparing to revise KYC requirements so that users need to undergo only one KYC verification to access tokenized securities on-chain. This would enable composability between different on-chain trading venues and tokenization platforms, allowing users to use an identity system based on zero-knowledge proofs (ZK) to split orders for execution across multiple venues, thereby completing larger transactions.
Andy, founder of The Rollup, said that sources indicated the US SEC is preparing to revise KYC requirements.
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After the revision, users may need to perform only one KYC verification to access tokenized securities on-chain.
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The move is reportedly intended to promote composability between different on-chain trading venues and tokenization platforms.
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Users reportedly could use an identity system based on zero-knowledge proofs (ZK) to split orders for execution across multiple venues.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
KYC is the identity verification process. The report states that after completing identity verification once, users may be able to access tokenized securities across multiple on-chain venues in the future without repeating the verification.
Why it matters to readers
If the relevant adjustments are ultimately implemented, cross-platform trading and order splitting could become more convenient; however, the original text only indicates that this is a plan disclosed by a source.
This concerns whether users will need to repeatedly verify their identities on different platforms and whether tokenized securities can be traded across chains more smoothly.
Risks and unknowns
The source is an unnamed source, and SEC whether the revision will be formally pursued cannot yet be confirmed from the original text.
The original text does not provide specific rule text, an implementation timeline, or the scope of application.
one KYC and ZK whether the identity system will ultimately be adopted by the relevant platforms is not stated in the original text.
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KYC
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