SEC approves temporary framework for tokenized stock trading onchain

The SEC has approved a temporary, conditional Innovation Exemption that will allow certain Tokenized Securities Venues to facilitate limited trading of tokenized NMS stocks onchain, according to a statement issued on Sept. 17 by Commissioner Mark Uyeda.

He said tokenization has the potential to modernize securities market infrastructure, including issuance, trading, settlement and ownership records, while potentially reducing costs, increasing transparency and improving liquidity.

This is a developing story.