SEC names three applicants planning to operate on-chain platforms for trading tokenized U.S. stocks
Three Firms Line Up to Trade Tokenized US Stocks Onchain Under SEC Exemption
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SEC named three applicants planning to operate on-chain trading platforms for tokenized U.S. stocks: TSV LLC, OKXICE TSV and Perpetuals.com. None of the three has begun trading. The platforms may trade tokens carrying the same rights as listed stocks under a temporary exemption, but trading volume for the most active stock may not exceed 0.25% of its average daily trading volume, and no more than 75 securities may be listed.
The article outlines the applicants, trading volume cap and issuer objection window under the temporary exemption, helping clarify the compliance boundaries for tokenized stock platforms from filing to actual trading.
Source:Finance Magnates · financemagnates.com