Fidelity identified a specific problem in current reporting requirements. Decentralized finance platforms and other systems that do not rely on intermediaries lack a central authority capable of issuing financial disclosures required by current U.S. Securities and Exchange Commission rules. The company recommended to the commission that it issue guidance allowing intermediary financial companies to use distributed ledger technology to maintain records of alternative trading systems. Fidelity stated that removing this documentation burden would eliminate what it described as an "unjustified burden" on decentralized systems.

U.S. Securities and Exchange Commission Chair Paul Atkins expressed his support for capital markets operating 24 hours a day, allowing financial companies to experiment with trading based on tokenized tokens. The commission's current position reflects broader openness to integrating blockchain technology infrastructure into traditional finance.

The Federal Reserve Bank, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency issued a separate joint policy statement in March addressing capital treatment for tokenized securities. The three agencies stated that the technology used in the issuance or transfer of securities does not alter their capital requirements. Tokenized stocks, debt instruments, real estate investment funds, and other tokenized assets remain subject to the same banking capital rules as the underlying assets they represent.