Browsing: trade

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…