Key Highlights Tokenized stock wallet addresses surged 43-fold year-over-year to 4.3 million, with BNB Chain (1.8M), Robinhood Chain (1.3M), and Solana (997K) dominating holder counts. Trading volume exploded from $237 million in January to $7.9 billion in August, while BNB Chain and Robinhood Chain captured 88.2% of tracked on-chain volume by September. The SEC granted ...
Key Highlights The SEC’s five-year innovation exemption establishes a regulatory pathway for tokenized U.S. stocks to trade via automated market makers on public blockchains, requiring preservation of shareholder rights including dividends and voting. Goldman Sachs and Citizens analysts identify Coinbase as a primary beneficiary due to its existing tokenized-equity offering, institutional custody business, Coinbase Tokenize ...
Key Highlights Ondo Finance ($ONDO) surged over 12% in 24 hours as trading volume jumped 91% to exceed $267 million, driven by the SEC’s new five-year Innovation Exemption for tokenized securities venues. The regulatory order allows qualified venues to trade tokenized stocks through permissioned liquidity pools without registering as traditional exchanges, potentially expanding the regulated ...
Key Highlights The CFTC issued a no-action letter exempting eligible crypto and prediction market software providers from broker registration requirements, provided they maintain zero trade discretion, never hold user assets, and avoid volume-based commissions. The relief builds on a March precedent granting Phantom Technologies no-action relief, allowing Phantom Wallet to partner with Kalshi as a ...
Key Highlights The SEC granted a temporary, conditional exemption for “Tokenized Securities Platforms” enabling on-chain trading of tokenized U.S. stocks under specific transparency, record-keeping, and security requirements. Uniswap founder Hayden Adams emphasized SEC Commissioner Hester Peirce’s assessment that “truly decentralized systems operated by autonomous software” do not create the intermediary risks that securities regulation targets. ...
Key Highlights The U.S. Securities and Exchange Commission has granted a five-year temporary “innovation exemption” allowing Tokenized Securities Platforms (TSVs) to conduct on-chain trading of tokenized U.S. stocks under specific conditions. Tokenized shares must be physically backed with identical rights to traditional sharesâincluding dividends and voting rightsâwhile synthetic price-tracking assets are explicitly excluded. Issuing companies ...