Regulation· ★★★· neutral·

Stove Finance proposes SEC standards for tokenized stock settlement and corporate actions

  • —Stove Finance proposed standards for asset conversion and settlement status between traditional and on-chain systems
  • —It also proposed rules for dividends and stock splits to prevent double processing
  • —Participants include brokers, transfer agents, custodians, clearing depositories and on-chain exchanges
  • —The SEC issued a conditional exemption on September 17 for limited on-chain trading of tokenized stocks
Why it matters: Common settlement and corporate-action standards are needed to scale tokenized equities and integrate them into DeFi.
Source: TokenPost
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