SEC Unveils Five-Year Route for Tokenized Stock Trading on Public Blockchains

The US Securities and Exchange Commission (SEC) has introduced new rules for trading tokenized stocks on public blockchains, offering a five-year regulatory route to market.

The Innovation Exemption sets strict conditions for trading venues, liquidity providers, and the tokens they support. The framework favors US-operated, permissioned markets that offer real shareholder rights.

Certain products currently leading the tokenized stock market cannot enter the program without changing their legal and technical structures.