TREE NEWS update: The US Securities and Exchange Commission issued a temporary, conditional Innovation Exemption allowing tokenized NMS stocks to trade on limited on-chain venues known as Tokenized Securities Venues (TSVs). The exemption takes effect immediately and runs five years, to about September 2031, with TSVs required to be US entities, use permissioned AMM pools, exclude synthetic tokens, and cap each Tier 1 stock’s volume at 0.25% of its prior month’s average daily volume.
SEC Grants Innovation Exemption for Tokenized US Stock Trading on Chain
AI take
The significance is structural, not symbolic: the SEC is testing on-chain trading of NMS stocks under a five-year conditional sandbox rather than a permanent rule, with permissioned pools, no synthetics, and a 0.25% ADV cap per Tier 1 name. That cap keeps TSVs marginal to price discovery for now, while the US-entity and permissioned-AMM requirements effectively narrow the eligible venue set. The open question is whether the volume ceiling is later relaxed or the exemption is extended before expiry.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
7h ago
Sichuan Huaying Swing Ride Accident Report Released; Two Held Criminally Liable
9h ago
Binance in Talks for Malaysia License After Five-Year Absence
9h ago
China’s Commerce Ministry Vows to Boost Consumption, Stabilize Trade and Investment
10h ago
Binance $6.3B Hack Draws Pre-Election Political Clashes
11h ago
Beijing targets 400B yuan hydrogen industry by 2030
13h ago
ICE Deletes Trade.xyz Partnership Tweet, Keeps Retweet