SEC Approves ‘Innovation Exemption’ for Tokenized Stocks

Two signals landing within hours of each other matter more than either alone: the SEC's exemption gives tokenized equities a regulatory path, while S&P Global's move on OpenZeppelin shows incumbent infrastructure players buying their way into onchain tooling rather than building it. The pairing suggests tokenization is shifting from crypto-native experimentation toward institutional rails. What's worth watching is whether the exemption becomes a template other jurisdictions and asset classes copy, and whether acquisitions like this concentrate control over the standards tokenized markets end up running on.