Nasdaq-listed Canton Strategic Holdings plans tokenized stock trading from Nov. 2
The tokenized shares would carry the same shareholder rights as traditional stock, with round-the-clock trading and immediate settlement under the SEC’s innovation exemption.
The tokenized shares would carry the same shareholder rights as traditional stock, with round-the-clock trading and immediate settlement under the SEC’s innovation exemption.
Canton Strategic Holdings, a Nasdaq-listed company formerly known as biotechnology firm Tharimmune, announced plans to tokenize its common shares on the Canton Network, with trading expected to begin as soon as Nov. 2.
According to a Thursday announcement, the company partnered with TSV LLC, a trading venue for tokenized securities, and Fairmint, a US Securities and Exchange Commission-registered transfer agent, to bring its shares onto the blockchain. The tokenized shares would carry the same shareholder rights as the company’s Nasdaq-listed stock.
Tokenized share trading would be available around the clock through an automated market maker, with transactions settling immediately on the Canton Network. Fairmint would maintain ownership records and oversee compliance with share transfer requirements.