SEC clears regulated on-chain path for real tokenized U.S. stocks
TL;DR
The SEC’s five-year exemption creates a regulated pathway for tokenized U.S. stocks that carry full shareholder rights, potentially benefiting issuer-sponsored tokenization firms and custodial models while excluding synthetic price-only tokens. It enables on-chain AMM trading within a regulated DeFi-like framework with KYC and issuer veto rights, signaling a cautious but meaningful step toward tokenized equities rather than a broad, immediate on-chain stock market.
- SEC opens door to tokenized U.S. stock trading. Here’s who could benefit CoinDesk
- SEC clears path for tokenized stocks, bringing the market closer to 24/7 trading CNBC
- SEC Issues “Innovation Exemption” to Facilitate the Trading of Tokenized NMS Stock and Request for Comment SEC.gov
- US regulator opens markets to tokenised stock trading Financial Times
- US securities regulator rolls out five-year exemption for tokenized stock trading Reuters
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