SEC Greenlights Tokenized Stocks, Igniting $5.5 Trillion Market

The SEC approved the Innovation Exemption on September 17, 2026, allowing tokenized securities venues to trade tokenized stocks without registering as national exchanges.

This move marks a significant shift in the regulatory landscape, making tokenized stocks a viable pathway into the deepest capital market on earth.

Uniswap's 20% price increase in 24 hours is just one example of the growing interest in tokenized securities.

The exemption allows platforms based on Automated Market Makers (AMMs) to qualify, but excludes centralized exchanges with central limit order books (CLOBs).

BlackRock and Franklin Templeton have already demonstrated institutional adoption of blockchain rails, and Circle benefits from increased USDC use for settlement and collateral in tokenized markets.