SEC issues “Innovation Exemption” for trading of tokenized NMS stock
Primary source: U.S. Securities and Exchange Commission ↗
would allow TSVs to trade tokenized NMS stock in a permissioned environment today while the Commission considers the need for additional action to facilitate onchain trading.
Summary
The SEC issued a temporary exemption allowing tokenized NMS stock to trade in a permissioned environment, with a request for comment.
What it means for banks
Broker-dealer and custody arms of banks can now evaluate permissioned onchain equity trading, which needs tokenized cash or deposits for settlement.
Analysis, not advice.
AIAI-assisted: summary and bank-impact text were drafted with AI from the primary source. AI-drafted from the primary source; quote string-matched by scripts/verify.mjs. Methodology · Report an error
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