SEC: First Tokenized Stock Trading Platforms May Reveal Plans Next Quarter Under Innovation Exemption
- —The SEC exemption runs for five years for qualifying platforms
- —Tokenized US stocks can trade on public blockchains via permissioned AMMs
- —Tokens must retain dividend and voting rights
- —The SEC has already received inquiries from companies about using the exemption
Why it matters: Legalizing onchain US equity trading opens a major new market for crypto exchanges and DeFi platforms.
Source: PANews
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