🔷 The US’s first tokenized stock sale: a $30K deal
Canton Strategic Holdings (Nasdaq: CNTN) conducted the first trades in tokenized shares on November 4 under the SEC’s “Innovation Exemption” announced on September 17.
The first trade was worth about $30,296 on the Canton network. The tokens carry the same rights as regular Nasdaq shares. The shareholder register is maintained by Fairmint, an SEC-registered transfer agent. The venue is private, and participants undergo identity checks. This is not an open DEX.
The amount is laughable; the precedent matters: the regulator gave the green light, and trades actually went through. I’d be watching to see who comes second.
Will tokenized stocks become the norm for everyday investors? 👇
#CryptoRay #BTC
Canton Strategic Holdings (Nasdaq: CNTN) conducted the first trades in tokenized shares on November 4 under the SEC’s “Innovation Exemption” announced on September 17.
The first trade was worth about $30,296 on the Canton network. The tokens carry the same rights as regular Nasdaq shares. The shareholder register is maintained by Fairmint, an SEC-registered transfer agent. The venue is private, and participants undergo identity checks. This is not an open DEX.
The amount is laughable; the precedent matters: the regulator gave the green light, and trades actually went through. I’d be watching to see who comes second.
Will tokenized stocks become the norm for everyday investors? 👇
#CryptoRay #BTC
