SEC Clears Path for Tokenized US Stocks on Blockchains

The US Securities and Exchange Commission (SEC) has approved a five-year exemption for tokenized versions of American stocks to trade directly on blockchains, without the platforms behind them registering as exchanges.

This order, called the Innovation Exemption, applies to venues labeled Tokenized Securities Venues (TSVs), which pair buyers and sellers through permissioned automated market makers and liquidity pools.

Hyperliquid, a platform that already hosts tokenized equity trading through its HIP-3 upgrade, is positioned to benefit from this exemption. Its HYPE token trades near $82, within an intact rising channel, with first support at the $73 Fibonacci level.