SEC Prepares to Open the Door to Tokenized Stocks: Report
Bitcoin Magazine
The SEC is developing a framework to allow tokenized versions of public stocks to trade on crypto platforms with reduced regulatory requirements.Summary
Under the leadership of Chair Paul Atkins, the SEC is reportedly preparing an "innovation exemption" to facilitate the trading of tokenized equities on blockchain platforms. This framework would allow third parties to issue tokens tracking public company share prices without the underlying firms' consent. While these tokens offer 24/7 trading and faster settlement, they lack traditional shareholder rights like voting or dividends. This initiative reflects a broader shift toward integrating blockchain technology into mainstream financial infrastructure, supported by major institutions like the DTCC, Nasdaq, and the NYSE.
(Source：Bitcoin Magazine)