The future of equity markets is unfolding–and investors should pay attention.

This week, SEC Commissioner Hester Peirce confirmed that the U.S. Securities and Exchange Commission is “considering a potential exemptive order” to allow firms using blockchain to “issue, trade, and settle securities” while being exempt from certain traditional registration requirements. Notably, decentralized exchanges (DEXs) and other blockchain-native platforms may no longer need to register “as a broker-dealer, clearing agency, or an exchange”. As Peirce aptly put it, firms shouldn’t be bound by outdated regulations that predate the technologies now reshaping finance (Cointelegraph, May 8, 2025).

This is not a fringe development–it’s a signal. A powerful one. And for companies like NatGold Digital, it presents a compelling opportunity.

Let’s be clear: no promises are being made about listing NatGold Digital’s shares. That decision, should it ever be pursued, will be made based solely on shareholder interest. But for those who’ve asked about the possibility of going public, this much needs to be said: the traditional stock exchange is no longer the only path.

There’s a new on-ramp emerging. And it’s paved in code.

We’re entering an era where equity itself can be tokenized–issued as digital tokens that represent ownership and traded on regulated platforms purpose-built for blockchain-native securities, Tokenized securities can provide the same transparency and reporting standards as traditional listings, while radically improving how shares are bought, sold, and settled.

It’s important to understand the distinction between being a publicly reporting entity and being listed on a traditional stock exchange. The two are not the same. Companies can choose to become SEC-reporting and file full audited financials, which we fully intend to do. Blockchain begins with transparency, and so must we.

But listing? That’s a different conversation. In the past, going public usually meant heading to the NASDAQ or NYSE. Today, it could mean something very different.

We’re watching what’s happening in Washington very closely. The forthcoming wave of digital asset legislation–together with the SEC’s shifting tone–could soon provide the regulatory foundation for tokenized equity listings. And we’re not the only ones paying attention.

Coinbase, the largest publicly traded U.S. crypto exchange had planned to tokenize its $COIN stock in 2020 before regulatory ambiguity forced a pivot to a traditional listing. Now, with renewed regulatory openness, it’s revisiting those plans. “I now believe that our US regulators are looking for product innovation and looking to move forward,” said CFO Alesia Haas, (Crypto Briefing, May 8, 2025). Coinbase sees security tokens not just as a novelty, but as a transformative structure offering voting rights, profit-sharing, and vastly improved transaction efficiency.

Even more striking is the vision outlined by Larry Fink, CEO of BlackRock–the world’s largest asset manager. In his 2025 annual letter he calls tokenization a “revolution,” enabling assets to trade securely and instantly—without paperwork—on blockchain. “Every asset,” he writes, “can be tokenized” (BlackRock Annual Letter, 2025).

That’s not hype. This is the world’s largest capital manager telling us where the world is headed.

So, why would NatGold Digital, whose entire business is premised on tokenization, not consider a tokenized path if and when it seeks public liquidity? Why list backwards when the future lies in speed, flexibility, and security?

If we do ever pursue a public listing, we’ll assess every option. Increasingly, the forward-looking path–from innovators, technologists, and now regulators – points toward a tokenized equity listing on a regulated digital exchange.

Tokenized securities are no longer theoretical. They’re happening. And that’s good news.

If NatGold Tokens represent a true fiat alternative–built on sustainability, backed by timeless intrinsic value, and delivered through the world’s first fully non-dilutive form of gold that has evolved into something smarter, then we’re not just improving gold or crypto. We’re creating something entirely new.

A distinct asset class.

A true crypto-commodity.

Not Gold. Not Crypto. The best of both.

And in that spirit, it only makes sense that tokenized equity could represent the future of shareholder access and wealth creation for a company like ours.

We’re watching it closely. We’re supporting it publicly. And we’ll be ready.

NatGold: It Just Makes Sense.

Published on May 10, 2025.