Unbelievable! The U.S. SEC has actually opened the door to compliance for tokenized U.S. stocks!
The Innovation Exemption introduced by the SEC allows Tokenized Securities Venues that meet the conditions to trade tokenized NMS stocks during a five-year exempt period. This means that relevant platforms can enjoy a partial exemption from exchange registration obligations while using on-chain mechanisms. Liquidity providers can also receive a limited exemption from broker-dealer registration.
It’s worth noting that before a platform launches tokenized stocks, it must notify the issuer; if the issuer objects, the product cannot be launched. Tokens that replicate stock prices through derivatives are also not covered by the exemption. This policy provides a workable regulatory path for combining stocks with blockchain and AMMs, as the boundary between traditional U.S. stock markets and on-chain markets gradually grows blurry.
What impact will this move have on the future market landscape?#加密货币 #Regulatory Updates
The Innovation Exemption introduced by the SEC allows Tokenized Securities Venues that meet the conditions to trade tokenized NMS stocks during a five-year exempt period. This means that relevant platforms can enjoy a partial exemption from exchange registration obligations while using on-chain mechanisms. Liquidity providers can also receive a limited exemption from broker-dealer registration.
It’s worth noting that before a platform launches tokenized stocks, it must notify the issuer; if the issuer objects, the product cannot be launched. Tokens that replicate stock prices through derivatives are also not covered by the exemption. This policy provides a workable regulatory path for combining stocks with blockchain and AMMs, as the boundary between traditional U.S. stock markets and on-chain markets gradually grows blurry.
What impact will this move have on the future market landscape?#加密货币 #Regulatory Updates
