Key Highlights Wall Street Jumps Into 24/7 Trading: OKXICE, a joint venture between cryptocurrency exchange OKX and New York Stock Exchange parent Intercontinental Exchange (ICE), has notified the SEC of plans to roll out a tokenized stock trading platform. Initial Launch Roster: The venue plans to debut with digital versions of more than 60 companies ...
Key Highlights The SEC issued an âInnovation Exemptionâ two days after the CLARITY legislation failed. The exemption allows certain venues to trade tokenized U.S.-listed stocks onchain through automated market makers and liquidity pools. The SEC and CFTC are easing practical barriers as crypto technology and demand for round-the-clock digital markets continue to grow. SEC and ...
Key Highlights: Matt Hougan argues that stalled crypto legislation may have produced faster, more favorable regulatory outcomes for parts of the industry. Stablecoin rewards, tokenization and revenue-generating tokens have benefited from agency actions or existing regulatory gaps, he says. Agency guidance and exemptions can change more easily than legislation, creating a trade-off between speed and ...
Key Highlights Cboe and S&P Dow Jones Indices are exploring the next stage of tokenization through derivatives, including $SPX options. The SECâs Sept. 17 Innovation Exemption covers certain tokenized NMS stocks but does not extend to tokenized options or other derivatives. Tokenized equities reached $4.43 billion by September 15, while Citi has projected a potential ...
Key Highlights Five major financial infrastructure firms formed the Issuer Sponsored Token Coalition on Sept. 24 to create tokens tied directly to official shareholder registers, not just price-tracking wrappers. The SEC’s new five-year Innovation Exemption, effective Sept. 17, requires tokenized securities to convey the same legal rights as traditional sharesâvoting, dividends, and corporate actionsâto qualify. ...
Key Highlights Tokenized stock wallet addresses surged 43-fold year-over-year to 4.3 million, with BNB Chain (1.8M), Robinhood Chain (1.3M), and Solana (997K) dominating holder counts. Trading volume exploded from $237 million in January to $7.9 billion in August, while BNB Chain and Robinhood Chain captured 88.2% of tracked on-chain volume by September. The SEC granted ...
Key Highlights The SEC’s five-year innovation exemption establishes a regulatory pathway for tokenized U.S. stocks to trade via automated market makers on public blockchains, requiring preservation of shareholder rights including dividends and voting. Goldman Sachs and Citizens analysts identify Coinbase as a primary beneficiary due to its existing tokenized-equity offering, institutional custody business, Coinbase Tokenize ...
Key Highlights Ondo Finance ($ONDO) surged over 12% in 24 hours as trading volume jumped 91% to exceed $267 million, driven by the SEC’s new five-year Innovation Exemption for tokenized securities venues. The regulatory order allows qualified venues to trade tokenized stocks through permissioned liquidity pools without registering as traditional exchanges, potentially expanding the regulated ...
Key Highlights The CFTC issued a no-action letter exempting eligible crypto and prediction market software providers from broker registration requirements, provided they maintain zero trade discretion, never hold user assets, and avoid volume-based commissions. The relief builds on a March precedent granting Phantom Technologies no-action relief, allowing Phantom Wallet to partner with Kalshi as a ...
Key Highlights The SEC granted a temporary, conditional exemption for “Tokenized Securities Platforms” enabling on-chain trading of tokenized U.S. stocks under specific transparency, record-keeping, and security requirements. Uniswap founder Hayden Adams emphasized SEC Commissioner Hester Peirce’s assessment that “truly decentralized systems operated by autonomous software” do not create the intermediary risks that securities regulation targets. ...
Key Highlights The U.S. Securities and Exchange Commission has granted a five-year temporary “innovation exemption” allowing Tokenized Securities Platforms (TSVs) to conduct on-chain trading of tokenized U.S. stocks under specific conditions. Tokenized shares must be physically backed with identical rights to traditional sharesâincluding dividends and voting rightsâwhile synthetic price-tracking assets are explicitly excluded. Issuing companies ...