SEC Prepares Tokenized Stock Rules as Onchain Market Tops $1.4 Billion
The SEC is developing an innovation exemption to allow the trading of tokenized stocks on decentralized platforms as the market exceeds $1.4 billion.Summary
The U.S. Securities and Exchange Commission (SEC) is reportedly preparing an "innovation exemption" to facilitate the trading of tokenized versions of public stocks on decentralized platforms. This framework would allow third-party tokens to track share prices, potentially without requiring direct backing or consent from the underlying public companies. Unlike traditional equities, these digital tokens may not provide standard shareholder benefits like voting rights or dividends.
This move aligns with a broader trend of institutional adoption, with the Depository Trust & Clearing Corporation (DTCC), Nasdaq, and the New York Stock Exchange all developing infrastructure for tokenized assets. The sector has seen significant growth, with the tokenized stock market recently reaching a value of $1.4 billion, reflecting a nearly 30% increase over the past month, led primarily by platforms such as Ondo Finance and xStocks.
(Source：BeInCrypto)