SEC allows trading of tokenized US stocks under 5-year conditional exemption
- —The SEC granted a 5-year conditional exemption for trading tokenized US stocks
- —Limits apply to the number of securities and volume, and holders receive rights equivalent to those of ordinary shares
- —Goldman Sachs: Coinbase and Robinhood stand to gain, but competition will increase only modestly
Why it matters: The legalization of tokenized stocks in the US opens a new market segment and strengthens the position of Coinbase and Robinhood.
Source: TokenPost