Tokenized stocks could replace parts of Wall Street infrastructure, executives say
- —SEC's September 17 notice allows blockchain platforms to trade tokenized US stocks without exchange registration
- —The exemption runs up to five years and caps eligible participants, instruments and volumes
- —Gurbacs: a US equity trade involves about nine intermediaries; tokenization could remove six or seven
- —Janus Henderson's largest tokenized fund holds $500M–$1B versus $30B for its flagship ETF
Why it matters: If the SEC extends the regime beyond five years, tokenized equities could shift a large share of Wall Street's trading infrastructure onto blockchains.
Source: BeInCrypto CN