Regulation· ★★★★★· bullish·

SEC grants 5-year conditional exemption for tokenized US stock trading

  • —Exemption runs five years and applies only to permissioned TSVs with caps on tradable names and volume
  • —Tokenized shares must carry the same rights as the underlying stock, with auditable public smart contracts
  • —Trading in a tokenized stock must halt if the underlying listing stops trading
  • —Third-party tokenizers must notify the issuer in writing and give it a chance to object
Why it matters: The SEC is testing on-chain equity trading under existing authority after the CLARITY Act stalled, setting the template for tokenization.
Source: TokenPost
More on this
Regulation · 05:30
Rep. French Hill Pushes CLARITY Act at CoinDesk Policy Conference
 Regulation · 05:23
SEC's Jamie Selway: Tokenization Should Not Be Politicized
 Regulation · 05:01
ECB backs Tether's MiCA criticism, but USDT stays locked out of EU rules