I'm excited about tokenization making assets more liquid, but I’m also nervous. Can I trust SEC and CFTC rules to protect me? Am I safe in the blending of digital and traditional markets, or is regulatory overlap still a major concern?

How do I understand the pricing of a Texas municipal bond listed at, say, 102, given the possible state tax benefits from municipal bonds? Does that imply paying $1020 for a $1000 face value, and what elements affect this pricing?