Regulation· ★★★★· neutral·

SEC lists three candidates for tokenized equities trading under Innovation Exemption

  • —Notices were filed Sept. 23 (TSV LLC), Oct. 4 (OKXICE TSV) and Oct. 14 (Kephas)
  • —OKXICE TSV is a 50/50 OKX-ICE venture targeting 63 NYSE-listed stocks
  • —Perpetuals.com aims to launch no earlier than mid-November on Kronos X with USDC liquidity pools
  • —Volume caps are 0.25% of a stock's average daily volume at tier one and 2.5% at tier two
Why it matters: The list sketches the first regulated US venue regime for tokenized equities, though launches hinge on SEC clearance.
Source: Journal du Coin