SEC Approves Five-Year Exemption for Tokenized NMS Stock Trading

TLDR: The SEC’s five-year exemption lets TSVs trade tokenized NMS stock via permissioned AMM pools. Tokenized shares traded on a TSV must carry the same rights as traditional NMS stock does. Liquidity providers in AMM pools also get temporary relief from dealer registration rules. The exemption expires in five years, and the SEC is now [...]

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