Today's gold star is AeroVironment. Today's white star is Micron.
SEC grants temporary relief for on-chain trading of tokenized U.S. stocks
read on XChair Paul Atkins's Commission issued an order on 17 September giving Tokenized Securities Venues a time-limited, conditional exemption from the Exchange Act definition of an exchange. The venues may trade tokenized NMS stock on permissioned automated market makers and liquidity pools. The tokens have to represent real share ownership, including dividends and voting rights. Issuers get 30 days' notice and a veto. Robinhood Stock Tokens, Kraken xStocks, and similar offshore synthetics are outside the order. Atkins said the point is to keep U.S. market plumbing in American venues. The relief is administrative and can be rewritten or withdrawn.