TechSEC approves five-year Innovation Exemption for on-chain trading of tokenized stocks
On September 17, the U.S. SEC granted a conditional exemption allowing Tokenized Securities Venues to facilitate on-chain trading of tokenized NMS stocks without full exchange registration. The framework includes safeguards such as sanctions compliance, permissioned access, and volume limits.
TLDR
This regulatory approval provides the first U.S. clarity on on-chain tokenized securities trading, a long-awaited development after prior delays and pushback from traditional exchanges. The exemption signals progress toward bringing traditional finance on-chain while excluding riskier synthetic tokens. It enables 24/7 trading and experimentation with investor protections, advancing a hot narrative in crypto and fintech. The move bridges toward broader rulemaking while addressing concerns about market integrity.
SEC approves five-year Innovation Exemption for on-chain trading of tokenized stocks
On September 17, the U.S. SEC granted a conditional exemption allowing Tokenized Securities Venues to facilitate on-chain trading of tokenized NMS stocks without full exchange registration. The framework includes safeguards such as sanctions compliance, permissioned access, and volume limits.
