SEC: Tokenised stock trading requires 30-day notice to issuers
- —Issuer notification required at least 30 days before trading begins on a TSV
- —An issuer objection blocks trading; no response counts as consent
- —Tokenised NMS shares must provide dividends and voting rights
- —The rule was announced by SEC Chairman Atkins
Why it matters: The rule sets the framework for the fast-growing tokenised equity market and gives issuers a veto over the listing of their shares on a blockchain.
Source: PANews