The SEC will unveil an exemption allowing tokenized stocks to trade on blockchains with near-instant settlement and fractional shares.
The SEC plans to introduce an “innovation exemption” for tokenized stocks, enabling 24/7 trading of assets like AAPL, TSLA, and NVDA on blockchains. The proposal may be detailed at a Friday open meeting, bypassing congressional gridlock on the CLARITY Act until September.
Tokenized stocks would track economic exposure but lack voting or dividend rights, justifying lighter regulatory oversight. The move follows Chair Paul Atkins’ “Project Crypto” initiative, which also includes a framework for capital raises via token sales without full securities registration.
BTC held at $63.4k amid broader crypto declines, with spot trading volume hitting a seven-year low. Goldman Sachs recently acquired a BTC income ETF in a $2.25B NEOS deal, signaling institutional interest despite market stagnation.