SEC: Smart Contracts for Tokenized Stocks Must Be Publicly Auditable
- —TSV smart contracts must be auditable and public
- —Deployment only on an open permissionless ledger
- —Trading halts are synchronized with the stock's primary exchange
- —The exemption is valid for five years from publication
Why it matters: It sets the first clear requirements for tokenized stock infrastructure in the U.S., determining which venues can operate under the exemption.
Source: PANews