Nasdaq-listed Canton Strategic Holdings to start tokenized stock trading Nov. 2
- —Tokenized CNTN shares will carry the same rights as the Nasdaq-listed stock
- —CNTN averages 757,704 shares traded daily, with a market cap of $170 million
- —Trading will run 24/7 via an automated market maker with instant settlement on Canton
- —The plan leans on the SEC's September innovation exemption for tokenized US stocks
Why it matters: Another public company is moving its shares onchain under the SEC framework, a signal for the tokenized-equity market.
Source: Cryptonews.net
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