NYSE, Blockchain.com Partner on Tokenized US Stocks — SkimNews
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- NYSE and Blockchain.com announced a partnership to bring tokenized US stocks and ETFs to crypto investors, per coverage from Decrypt and The Block.
- The deal lands less than a week after the SEC introduced a five-year "Innovation Exemption" allowing eligible tokenized securities venues to use permissioned automated market maker liquidity pools without being classified as exchanges under the Exchange Act.
- To qualify, venues must ensure tokenized stocks carry the same rights and privileges as equivalent traditional shares — a requirement that excludes existing products like Kraken's xStocks and Robinhood's Stock Tokens, which give equity exposure but not identical shareholder rights.
- SEC Commissioner Hester Peirce said the exemption covers one specific model but leaves open the possibility of other tokenized securities approaches outside the framework.
- All three outlets (the source, Decrypt, The Block) converge on the same core story: the NYSE-Blockchain.com tie-up as the first major traditional exchange move into tokenized equities under the new SEC sandbox.
Why it matters: The partnership gives the NYSE a direct route to crypto-native capital under a regulator-blessed framework, while Kraken and Robinhood's existing tokenized stock products are locked out of the exemption because they don't confer equivalent shareholder rights — a competitive edge the NYSE deal exploits on day one.
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