Fidelity asks SEC to expand broker-dealer rules for crypto and tokenized securities on ATS

Fidelity Investments told the US SEC on Friday that the agency should keep building a clearer framework for broker-dealers to offer, custody and trade crypto assets on alternative trading systems. The firm said comprehensive rules are "critical" for tokenized securities, including third-party issuances, and it also urged guidance to allow distributed ledger technology for ATS recordkeeping.