Why are US companies objecting to their stocks trading on a TSV?
Oct 22 2026 13:55 UTC - Ray Tierney (op-ed)
This is an opinion piece by Ray Tierney, CEO of 21X LLC, which recently applied for an ATS license. In his view, Issuers are not rejecting tokenization.
➤ US companies are objecting to their stocks trading on Tokenized Securities Venues (TSVs) due to concerns about lack of clarity on disclosure, reporting, and potential price volatility, especially during off-hours trading.
➤ The article argues that the industry needs to build trust with issuers by implementing safeguards like price bands, volatility halts, and transparent off-hours trading rules, and by bringing established market infrastructure on-chain.
➤ Ultimately, the successful tokenization of stocks requires consensus-building with corporate America, focusing on issuer-led models and clear regulatory guidance, rather than a top-down approach.
Read more at: https://rwatimes.io/articles/ledgerinsights-why-are-us-companies-objecting-to-their-stocks-trading-on-a-tsv-1200359131?utm_source=binance
Oct 22 2026 13:55 UTC - Ray Tierney (op-ed)
This is an opinion piece by Ray Tierney, CEO of 21X LLC, which recently applied for an ATS license. In his view, Issuers are not rejecting tokenization.
➤ US companies are objecting to their stocks trading on Tokenized Securities Venues (TSVs) due to concerns about lack of clarity on disclosure, reporting, and potential price volatility, especially during off-hours trading.
➤ The article argues that the industry needs to build trust with issuers by implementing safeguards like price bands, volatility halts, and transparent off-hours trading rules, and by bringing established market infrastructure on-chain.
➤ Ultimately, the successful tokenization of stocks requires consensus-building with corporate America, focusing on issuer-led models and clear regulatory guidance, rather than a top-down approach.
Read more at: https://rwatimes.io/articles/ledgerinsights-why-are-us-companies-objecting-to-their-stocks-trading-on-a-tsv-1200359131?utm_source=binance