SEC Examiners Set Sights on Tokenization at Clearing Agencies for Fiscal 2027

The SEC’s Division of Examinations has named tokenization among the “high-risk areas” its staff will focus on when examining clearing agencies , according to the fiscal 2027 examination priorities it released on Friday. The term did not appear in the division’s 2025 or 2026 priorities. Tokenization shows up a second time, in the section on Regulation Systems Compliance and Integrity (SCI) . There, the document says exams under the rule “will focus on emerging trends, including SI, tokenization of securities, extended trading hours, and quantum computing.” SI is the document’s shorthand for super intelligence , which it says registrants are…