Historic turnaround on Wall Street!
The #SEC approves for the first time the trading of tokenized shares in DeFi
The SEC issued a historic order that grants a temporary five-year exemption to Tokenized Securities Platforms (TSV), allowing them to trade shares of the National Market System (NMS) on public blockchains.
DeFi technology integration: The measure formally authorizes the use of Automated Market Makers (AMM) and liquidity pools for on-chain secondary trading, and also provides exemptions to liquidity providers (Liquidity Providers) from the usual definition of "dealer".
Leadership of Paul Atkins: SEC Chair Paul S. Atkins said this step aims to modernize the U.S. capital markets in a controlled environment while the regulator gathers public feedback for future regulatory changes.
Parity guarantee for investors: To operate, platforms must verify that tokenized shares grant exactly the same rights and privileges as equivalent traditional securities.
Strict conditions and safeguards:
Operational limits: Restrictions on the trading volume and the number of available symbols.
Technical transparency: Smart contracts must be public, auditable, and deployed on public, permissionless blockchains.
Issuer right: Mandatory prior notice to underlying issuers with the option to raise objections before listing.
Market synchronization: Immediate suspension of on-chain trading if the primary traditional exchange interrupts the trading of the underlying asset.
#CryptoNews
$UNI
The #SEC approves for the first time the trading of tokenized shares in DeFi
The SEC issued a historic order that grants a temporary five-year exemption to Tokenized Securities Platforms (TSV), allowing them to trade shares of the National Market System (NMS) on public blockchains.
DeFi technology integration: The measure formally authorizes the use of Automated Market Makers (AMM) and liquidity pools for on-chain secondary trading, and also provides exemptions to liquidity providers (Liquidity Providers) from the usual definition of "dealer".
Leadership of Paul Atkins: SEC Chair Paul S. Atkins said this step aims to modernize the U.S. capital markets in a controlled environment while the regulator gathers public feedback for future regulatory changes.
Parity guarantee for investors: To operate, platforms must verify that tokenized shares grant exactly the same rights and privileges as equivalent traditional securities.
Strict conditions and safeguards:
Operational limits: Restrictions on the trading volume and the number of available symbols.
Technical transparency: Smart contracts must be public, auditable, and deployed on public, permissionless blockchains.
Issuer right: Mandatory prior notice to underlying issuers with the option to raise objections before listing.
Market synchronization: Immediate suspension of on-chain trading if the primary traditional exchange interrupts the trading of the underlying asset.
#CryptoNews
$UNI
