SEC greenlights tokenized US stocks on public blockchains
SEC grants five-year exemption letting approved venues trade tokenized US stocks on public blockchains; holders retain dividends and votes, issuers get 30-day veto. CFTC rulemaking, Fed hike and Binance Europe report also discussed.
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What stands out
The Securities and Exchange Commission (SEC) quietly granted a five-year exemption allowing approved venues to trade tokenized versions of US-listed stocks on public blockchains, keeping dividends, votes and corporate actions intact while excluding synthetics and price trackers. Scott Melker walks through the fine print: secondary trading only, issuers get a 30-day veto, permissioned access on public chains, and the oddity that stocks can be traded against stablecoins. The Commodity Futures Trading Commission (CFTC) filed parallel rulemaking the same week, and the Federal Reserve (Fed) moved on rates, signaling regulators are building rails without waiting for Congress.