SEC Halts Innovation Exemption For Tokenized Stocks

The U.S. Securities and Exchange Commission (SEC) has delayed a planned 'innovation exemption' that would have facilitated the trading of tokenized stocks. The postponement follows feedback from market participants, including concerns regarding unauthorized token issuance and the verification of ownership on public blockchains. Industry leaders, including the CEOs of Securitize and Bullish, expressed support for the delay, emphasizing the need for regulatory clarity and ensuring that only public companies can authorize the issuance of tokenized shares. While real-world asset tokenization has reached $34 billion, the sector faces challenges in meeting the growth expectations projected by major institutions.

(Source：Cointelegraph)