Citadel is urging caution as the U.S. Securities and Exchange Commission (SEC) explores activating tokenized stocks, Bloomberg reports. The prominent hedge fund believes tokenized stocks could lead to investor confusion and create an uneven playing field between exchanges and listed companies. Citadel emphasizes the need for a formal rule-making process if the SEC proceeds with tokenization discussions. This would allow for thorough consideration of potential risks and benefits. The company's concerns center around ensuring fair competition and protecting investors from potential misunderstandings related to this nascent technology. The SEC has not yet issued any formal guidance on tokenized stocks, but the discussion highlights the growing interest in applying blockchain technology to traditional financial markets. ```

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