#sec批准代币化nms股票交易临时创新豁免
🚨 Major news: The SEC officially opens a compliant pathway for tokenized U.S. stocks
On September 17, the U.S. SEC issued an “Innovation Exemption,” allowing qualifying tokenized NMS stock trading platforms to conduct on-chain stock trading under a licensed AMM and liquidity pool framework, subject to specific conditions.
Key changes:
🏦 Tokenized U.S. stocks can be traded on designated chains 🔗 Supports AMM and liquidity pool models 📈 Tokenized stocks must provide the same shareholder rights as traditional stocks 🔒 Trading platforms must use a permissioned participation mechanism ⏳ The exemption period can last up to 5 years 🧑⚖️ The SEC is also seeking public comments from the market to pave the way for future, longer-term regulatory rules.
My view:
This isn’t simply “loosening regulation”—it’s the first time the SEC has built a clear interim regulatory framework for on-chain stock trading.
If, going forward, the approach evolves from “temporary exemption” to long-term rules, tokenized U.S. stocks, RWA, and on-chain securities trading infrastructure could all see substantially more room for growth.
🚨 Major news: The SEC officially opens a compliant pathway for tokenized U.S. stocks
On September 17, the U.S. SEC issued an “Innovation Exemption,” allowing qualifying tokenized NMS stock trading platforms to conduct on-chain stock trading under a licensed AMM and liquidity pool framework, subject to specific conditions.
Key changes:
🏦 Tokenized U.S. stocks can be traded on designated chains 🔗 Supports AMM and liquidity pool models 📈 Tokenized stocks must provide the same shareholder rights as traditional stocks 🔒 Trading platforms must use a permissioned participation mechanism ⏳ The exemption period can last up to 5 years 🧑⚖️ The SEC is also seeking public comments from the market to pave the way for future, longer-term regulatory rules.
My view:
This isn’t simply “loosening regulation”—it’s the first time the SEC has built a clear interim regulatory framework for on-chain stock trading.
If, going forward, the approach evolves from “temporary exemption” to long-term rules, tokenized U.S. stocks, RWA, and on-chain securities trading infrastructure could all see substantially more room for growth.