Ethereum rises 6% to $2,600 after SEC launches tokenized stock program
- —ETH rose 5.8–6.5% to $2,580–2,603, a multi-week high
- —The SEC allowed NMS tokenized stocks through TSVs for 5 years
- —Each token must represent a real share; synthetics are banned
- —Coinbase and Robinhood shares rose about 5%
Why it matters: Tokenizing stocks on public blockchains could bring trillions of dollars in trading volume to Ethereum and boost demand for ETH.
Source: Crypto Briefing