SEC opens door to tokenized U.S. stock trading. Here’s who could benefit
The five-year experiment gives DeFi-style trading venues, tokenization firms and liquidity providers a new U.S. pathway while leaving synthetic stock tokens outside the framework.
The U.S. Securities and Exchange Commission’s (SEC) new experiment with tokenized stocks could give an early advantage to a particular corner of crypto: firms that put real securities on blockchains and the decentralized crypto platforms built to trade them in a regulated manner.
The agency’s framework favors tokens that represent actual U.S. shares and carry the same rights as traditional stock, including dividends and voting rights.
That thesis is central to this new exemption. “This is extremely positive because it gives a way to trade real tokenized stocks,” Carlos Domingo, CEO of digital asset and real-world asset tokenization platform Securitize, told CoinDesk.
Synthetic products that merely track a stock’s price without carrying the same rights do not qualify for the SEC’s exemption.