SEC grants five-year exemption for on-chain trading of tokenized stocks
- —The exemption lasts 5 years and covers only NMS tokenized stocks with full rights
- —TSVs must be U.S. legal entities and notify the issuer 30 days in advance
- —An issuer can block trading of its stock; silence is treated as consent
- —Synthetic stock tokens are not covered by the exemption
Why it matters: The SEC is legalizing on-chain stock trading in the U.S. for the first time, which could accelerate growth in the tokenized stock market, already worth $3 billion.
Source: Unchained