Former FTX Europe chief targets U.S. tokenized stock trading with new SEC exemption
Nasdaq-listed Perpetuals.com is the second company to pursue a U.S. tokenized stock marketplace under the SEC’s new framework, following a joint venture between OKX and NYSE parent ICE.
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Summary
- Nasdaq-listed Perpetuals.com plans to offer tokenized U.S. stocks under the SEC’s new innovation exemption, following an earlier proposal from an OKX–ICE joint venture.
- CEO Patrick Gruhn co-founded Digital Assets AG, which developed stock-linked tokens for crypto exchanges including Binance and FTX before being acquired by FTX Group.
- Trading could begin in mid-November at the earliest, though the company still needs to complete technical and compliance preparations before launch.

