Regulatory shift would enable 24/7 trading, instant settlement, and lower costs for tokenized equities in U.S. markets.
The Securities and Exchange Commission is set to allow crypto companies to offer tokenized stock trading in the U.S., according to regulatory sources. The move could introduce round-the-clock trading, faster settlement, and reduced fees, challenging traditional brokerage models.
Current rules restrict such offerings, but the exemption may align with broader SEC efforts to modernize market infrastructure. Traditional brokerages like Charles Schwab and E*Trade could face new competition, potentially reshaping liquidity and investor access.
Industry experts caution the change may introduce systemic risks, depending on the final regulatory framework. Details of the exemption remain undisclosed, with implementation timing unclear.