SEC’s innovation exemption for tokenized stocks to come as early as this week: Bloomberg
The SEC is expected to release a new framework this week allowing institutions to experiment with tokenized stocks without full registration requirements.Summary
The U.S. Securities and Exchange Commission (SEC) is reportedly set to release an innovation exemption for tokenized stocks as early as this week. This framework aims to allow traditional financial institutions to test blockchain technology for asset trading without undergoing the standard, rigorous registration process.
This development follows recent SEC approvals allowing exchanges like Nasdaq and the NYSE to explore tokenized share trading and settlement. While the SEC maintains that these assets remain under federal securities regulation, the shift is intended to facilitate the modernization of financial markets through blockchain, which offers benefits such as 24/7 trading and faster settlement times. Analysts project the tokenized asset market could grow to trillions of dollars by 2030.
(Source：The Block)