The SEC opens a temporary channel for tokenized stocks
The U.S. SEC has approved an “innovation exemption,” allowing eligible tokenized securities trading venues to carry out some on-chain trading of U.S. equities, but it requires U.S. entities, permitted access, compliance with sanctions rules, and prohibits synthetic tokenized stocks. Issuers may also object to the on-chain trading of their shares. This is generally positive for the RWA and tokenized stock sector: regulators haven’t turned a blind eye to gray-area practices, but instead have carved out room for experimentation within real equity, dividend rights and voting rights, and issuer authorization frameworks. In the short term, it favors compliant trading platforms, on-chain securities infrastructure, and the RWA narrative; any chasing of purely conceptual tokens still depends on real integration speed.
Source: PANews
Figure 1: The SEC opens a temporary channel for tokenized stocks · Partial screenshot of the source page
Image source: https://www.panewslab.com/zh/articles/01a0b3bf-d46e-77a6-917f-525a4a153fb6
The U.S. SEC has approved an “innovation exemption,” allowing eligible tokenized securities trading venues to carry out some on-chain trading of U.S. equities, but it requires U.S. entities, permitted access, compliance with sanctions rules, and prohibits synthetic tokenized stocks. Issuers may also object to the on-chain trading of their shares. This is generally positive for the RWA and tokenized stock sector: regulators haven’t turned a blind eye to gray-area practices, but instead have carved out room for experimentation within real equity, dividend rights and voting rights, and issuer authorization frameworks. In the short term, it favors compliant trading platforms, on-chain securities infrastructure, and the RWA narrative; any chasing of purely conceptual tokens still depends on real integration speed.
Source: PANews
Figure 1: The SEC opens a temporary channel for tokenized stocks · Partial screenshot of the source page
Image source: https://www.panewslab.com/zh/articles/01a0b3bf-d46e-77a6-917f-525a4a153fb6
