SEC unveils exemption for tokenized stock trading

descriptions off, selected

captions settings, opens captions settings dialog

Subtitles (en), selected

This is a modal window.

Beginning of dialog window. Escape will cancel and close the window.

End of dialog window.

Trump reacts to interest rate hike

Trump reacts to interest rate hike

The Securities and Exchange Commission (SEC) unveiled its long-awaited “innovation exemption” Thursday, a new order aimed at clearing the way for tokenized stock trading in the U.S.

The order creates a pair of five-year exemptions. The first exempts platforms that host tokenized stock trading from the commission’s definition of an exchange, while the second exempts liquidity providers in the space from its definition of a dealer.

“Over the past several years, advancements in distributed ledger technology have facilitated innovations in trading across non-security crypto assets,” the SEC noted in a fact sheet.

However, it........

© The Hill