SEC grants temporary, conditional exemption for tokenized stock trading
The SEC says its order gives tokenized securities venues relief from the Exchange Act’s definition of “exchange” to trade certain tokenized stocks.
TLDR
The SEC announced on September 17 that it had granted temporary, conditional relief to Tokenized Securities Venues for trading tokenized National Market System (NMS) stocks using permissioned automated market makers and liquidity pools. The relief concerns the Exchange Act’s definition of “exchange.” Paul Atkins called the measure the “Innovation Exemption” and said it would facilitate onchain trading of certain tokenized stocks.
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