SEC's tokenized-stock 'innovation exemption' sparks fight over blockchain criteria
- —Exemption requires a public blockchain and open smart contracts, but sets no clear test
- —TSV (Canton), OKXICE and Kepas have filed plans, each on a different network
- —Solana Policy Institute wants decentralization judged by who controls validation
- —22 of 62 companies, including Wells Fargo and ARM, oppose tokenization of their shares
Why it matters: How the SEC defines 'public blockchain' will decide which networks capture the multi-billion-dollar tokenized-equity market.
Source: Bloomingbit