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A day after the SEC’s tokenization-focused roundtable, an asset manager launched its first tokenized fund. We just saw stablecoin-related M&A, too.

First, SEC Chair Paul Atkins reiterated Monday that SEC policymaking “will no longer result from ad hoc enforcement actions.” (Yes, the agency italicized “ad hoc” in the transcript.)

On tokenization, he likened securities moving onchain to the transition of audio recordings from vinyl records to cassette tapes to digital software.

“Blockchain technology holds the promise to allow for a broad swath of novel use cases for…

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