TSV LLC, the first U.S. tokenized stock trading platform operating under the Securities and Exchange Commission’s (SEC) “innovation exemption,” completed its first transaction on Nov. 4. According to Foresight News, the trade involved issuer-sponsored tokenized shares of Canton Strategic Holdings.

The transaction was executed through a permissioned pool on Tradecraft and settled atomically on the Canton Network. SEC-registered transfer agent Fairmint recorded the shares in tokenized form and maintained the on-chain ownership records. Existing shareholder Five North sold the shares, DRW Cumberland bought them, and Flowdesk provided liquidity.

Because the shares were sponsored by the issuer, the listing did not require the 30-day notice and objection period that applies to third-party tokenizations.