SEC Issues “Innovation Exemption” to Facilitate the Trading of Tokenized NMS Stock and Request for Comment
Action Required: Monitor for future guidance on how tokenized assets will be integrated into standard brokerage and advisory platforms.
The SEC has granted a temporary, conditional exemption allowing Tokenized Securities Venues (TSVs) to trade tokenized NMS stocks without being classified as traditional exchanges under the Exchange Act. This move signals a regulatory pathway for blockchain-based asset trading, which may eventually impact how advisors custody, trade, and recommend tokenized assets to clients.
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