Browsing: Stocks

America’s financial markets are one step closer to resembling America’s diners: The Securities and Exchange Commission will temporarily allow blockchain-based platforms to offer tokenized versions of US stocks, the agency announced yesterday—possibly opening the door to 24/7 trading of digitized mainstream assets.

The Securities and Exchange Commission issued a five-year conditional exemption on Thursday letting tokenized National Market System (NMS) stock trade on permissioned automated market makers (AMMs), and Commodity Futures Trading Commission staff opened introducing-broker relief to passive software providers across the industry the same morning. Both actions came two days after the Senate blocked the…

The U.S. Securities and Exchange Commission on September 17 announced an “innovation exemption” plan allowing tokenized stocks for the next five years. The move came two days after the U.S. Senate voted down the Clarity Act, legislation aimed at creating a broad supervisory framework for the cryptocurrency market.

The Senate blocked the crypto industry’s market structure bill on Tuesday. On Thursday the Securities and Exchange Commission did a piece of the job itself. An order from the agency lets tokenized versions of U.S. stocks trade on blockchain liquidity pools for the next five years, provided the venue running the pool is American, checks…

Add preferred source The SEC issued a temporary Innovation Exemption on September 17 allowing tokenized securities venues to trade tokenized NMS stocks, two days after the Senate blocked the CLARITY Act with a 49-50 cloture vote. The exemption, which SEC Chairman Paul Atkins described as a bridge toward durable rulemaking, could enable on-chain trading of…