SEC issues temporary exemption to facilitate the trading of tokenized stocks
The Securities and Exchange Commission (SEC) is granting temporary exemption for cryptocurrency platforms to trade tokenized stocks. The trading platforms, or tokenized securities venues (TSV), bring together buyers and sellers of tokenized stock by providing automated market makers and liquidity pools. The exemption for TSVs is from the definition of “exchange” in the Securities Exchange Act, subject to certain conditions, including that: Tokenized stocks traded on a TSV are subjec...
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