[SEC Commissioner Hester Peirce: Encourages Institutions Exploring Tokenization to Communicate Proactively with Regulators] Odaily Planet Daily reports that U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce stated that regulators are open to companies exploring asset tokenization and new types of exchange-traded product structures, and she encourages relevant institutions to proactively communicate with the SEC. In an interview with CNBC's program *The Exchange*, Peirce said that as the market matures, the SEC hopes that institutions developing innovative financial products—including companies launching tokenized financial instruments—can engage directly with regulators. 'The most important thing is to come and talk to us about what you want to do. We want to work with the industry to give the market a chance to test whether these new products truly have demand,' she noted. She pointed out that many asset management institutions are currently exploring how to package crypto assets or blockchain securities into traditional investment tools, such as exchange-traded funds (ETFs). Peirce also addressed the SEC's recent focus on highly leveraged ETFs. She emphasized that the SEC is not a 'value-judgment regulator' and does not decide whether a product is a good investment but ensures that it complies with relevant legal requirements and fully discloses risks. She stated that existing regulations impose certain limits on fund leverage levels, but if issuers can demonstrate that their product structure aligns with the securities law framework, they may still propose alternative designs. Currently, as some institutions attempt to launch ETFs with leverage exceeding three times, regulators are increasing their attention to this area.