SEC grants 5-year conditional exemption for tokenized stock trading
- —The exemption runs for five years from the SEC order's publication
- —Tokenized shares must carry the same rights as the underlying stock
- —Overhaul of traditional equity market rules remains a proposal
- —Selway floated a shift to 24/7 trading after a 23-hour, five-day regime
Why it matters: The exemption sets the first US regulatory framework for on-chain equity trading and could accelerate tokenization of traditional assets.
Source: TokenPost
More on this
Regulation · Oct 6Tokenized Stocks Offer No Shareholder Rights: Voting, Dividends and the SEC Exemption Explained
Regulation · Oct 5Robinhood Says Stock-Token Volume Already Tests SEC Exemption Caps
Regulation · Oct 2SEC innovation exemption constrains bringing stock tokens to US, Robinhood crypto chief says