Regulation· ★★★★· neutral·

Galaxy: SEC Tokenized Stock Exemption Contains Strict Safeguards

  • —An issuer can block a third-party wrapper listing by sending a rejection within 30 days
  • —The token must confer the same rights and privileges as a share of the same class
  • —The volume cap is 0.25% or 2.5% of the stock's turnover in the prior month
  • —The venue must publish every trade in machine-readable form within 10 minutes
Why it matters: The clarification reduces the risk that the SEC exemption turns into unregulated trading of synthetic tokens and sets a framework for future tokenized-equity rules.
Source: The Crypto Times
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