
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
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