đşđ¸ SEC Opens the Door to Onchain Tokenized Stock Trading
The SEC has officially introduced its Innovation Exemption, creating a five-year regulatory pathway for tokenized U.S. stocks to trade onchain.
Under the framework, qualifying Tokenized Securities Venues (TSVs) can operate permissioned AMMs and liquidity pools without being treated as traditional securities exchanges, subject to specific conditions.
Certain liquidity providers also receive temporary relief from dealer registration requirements.
Key requirements include:
⢠Tokenized shares must carry the same rights as the underlying stock
⢠Issuers can object to third-party tokenization
⢠Smart contracts must be public and auditable
⢠Synthetic stock tokens are excluded
This is more than tokenization guidance.
The SEC is opening a regulated path for U.S. equities to move onchain.
A major milestone for the RWA market.
#SEC
The SEC has officially introduced its Innovation Exemption, creating a five-year regulatory pathway for tokenized U.S. stocks to trade onchain.
Under the framework, qualifying Tokenized Securities Venues (TSVs) can operate permissioned AMMs and liquidity pools without being treated as traditional securities exchanges, subject to specific conditions.
Certain liquidity providers also receive temporary relief from dealer registration requirements.
Key requirements include:
⢠Tokenized shares must carry the same rights as the underlying stock
⢠Issuers can object to third-party tokenization
⢠Smart contracts must be public and auditable
⢠Synthetic stock tokens are excluded
This is more than tokenization guidance.
The SEC is opening a regulated path for U.S. equities to move onchain.
A major milestone for the RWA market.
#SEC
