SEC rolls out long-awaited ‘innovation exemption’ for tokenized securities venues
The U.S. Securities and Exchange Commission issued a blanket 5-year exemption for listing and trading tokenized securities without registering as an exchange.
Make preferred on
Share this article
Summary
- The SEC announced its “innovation exemption” that would give tokenized securities venues a 5-year permit to operate without having to register as an exchange.
- The innovation exemption has been in the works for more than a year, but was released just days after a crypto market structure legislative effort failed in the U.S. Senate.
- Securities issuers who object to an outside party tokenizing their offerings can block a venue from doing so.
