SEC Clears Way for Onchain Trading of Tokenized Stocks

Michael Saylor of Strategy says the SEC's exemption clears tokenized MSTR and STRC to trade onchain around the clock. This is a major breakthrough for Digital Credit, according to Saylor.

The exemption allows 24/7 trading of tokenized National Market System (NMS) stocks through qualifying venues without registering as exchanges. Tokens must be backed one-to-one by the underlying share and carry the same rights, including votes, dividends, and proxies.

Strategy holds 845,050 BTC and $6.4 billion in USD assets, with STRC trading below its $100 par. The SEC's relief expires five years after publication, and it caps symbols and volume per venue.