Prometheum details ownership rights for tokenized US stocks
- —Cede & Co. would stay the registered owner of underlying shares at DTC
- —International clients get UCC Article 8 entitlements, not blockchain-based ownership
- —Tokens can be converted into conventional shares or sold for cash via the broker-dealer
- —The model differs from synthetic and SPV products that give only contractual claims
Why it matters: The structure sets a legal benchmark for tokenized equities as the SEC's five-year exemption from Sep. 17 takes effect.
Source: crypto.news