Exchanges· ★★★· neutral·

Ex-FTX Europe chief plans exchange for tokenized US stocks

  • —Perpetuals.com plans round-the-clock trading of tokenized US stocks
  • —Trades would run through subsidiary Kephas Corporation on the Kronos X Public L2
  • —The plan relies on a five-year SEC exemption for trading stocks via public blockchains
  • —No firm launch date yet, with a possible start in mid-November
Why it matters: The project tests the SEC's new exemption and could accelerate the shift of tokenized equities onto crypto rails.
Source: BTC-ECHO