SEC allows trading tokenized US stocks without exchange registration
- —The SEC order is valid for five years and caps participants and trading volume
- —Each token must grant the same rights as the traditional share
- —Issuers can object to third-party tokens before a platform lists them
- —Janus Henderson's largest tokenized fund holds just $0.5–1bn versus $30bn for its main ETF
Why it matters: The order sets a US precedent for equity tokenization; if the pilot works, Wall Street could move settlement and parts of its infrastructure on-chain.
Source: BeInCrypto JP