Regulation· ★★★★· bullish·

SEC: tokenized US stocks must carry the same rights as ordinary shares

  • An NMS stock token must grant the same rights as a traditional share
  • Synthetic products with only price exposure do not fall under the exemption
  • An issuer can object to third-party tokenization of its shares
  • The exemption lasts 5 years with limits on tickers and volume
Why it matters: It sets the standard for tokenized stocks: rights matter more than trading speed, which will shape the structure of future products and institutional pilots.
Source: crypto.news