SEC clears path for tokenized stocks, bringing the market closer to 24/7 trading — SkimNews
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The SEC issued an Innovation Exemption creating an immediate regulatory pathway for trading platforms to offer tokenized representations of publicly traded US stocks, with conditions preserving shareholder rights and letting companies block tokenization of their shares.
Why it matters: With the Clarity Act stalled in Congress, the SEC used its exemption authority to hand crypto-friendly exchanges — Coinbase, Robinhood, Gemini, Kraken — a potential on-ramp to bring their offshore tokenized stock products to US customers, but the 30-day issuer veto means companies can block tokenization of their own shares, effectively giving corporate America a kill switch over which stocks become tradable 24/7 on blockchain rails.
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