Banking regulations from institutions such as the Federal Reserve System, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency.

This document essentially states:

- Tokenized securities are legally structured according to regulations

- They are treated the same as traditional securities

- Can be used as collateral

- Public and private blockchains are not differentiated

This means:
Regulators are beginning to pave the way for the integration of blockchain into the global financial system.

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