SEC Proposes "Innovation Exemption" for Tokenized Stocks, Allowing 24/7 On-Chain Trading of Stocks Like Apple
2026-08-13 11:57
Odaily News: The U.S. Securities and Exchange Commission (SEC) plans to launch two crypto-related initiatives in the coming days, while Congress's CLARITY Act remains stalled at least until September. The SEC is expected to propose "Regulation Crypto" at a public meeting on Friday, allowing projects to raise funds through token sales without completing full securities registration.
The SEC also plans to introduce an "innovation exemption" for tokenized stocks, with details potentially unveiled on Friday. The exemption would allow tokenized versions of stocks such as Apple, Tesla, and Nvidia to trade on blockchain around the clock, with support for fractional trading and near-instant settlement.
Such tokens typically track the economic exposure of the underlying stock but do not carry voting rights or dividend entitlements. The initiative is part of SEC Chairman Paul Atkins's "Project Crypto" agenda, with Robinhood Chain, Solana, and Base all advancing related on-chain markets. (Decrypt)
The SEC also plans to introduce an "innovation exemption" for tokenized stocks, with details potentially unveiled on Friday. The exemption would allow tokenized versions of stocks such as Apple, Tesla, and Nvidia to trade on blockchain around the clock, with support for fractional trading and near-instant settlement.
Such tokens typically track the economic exposure of the underlying stock but do not carry voting rights or dividend entitlements. The initiative is part of SEC Chairman Paul Atkins's "Project Crypto" agenda, with Robinhood Chain, Solana, and Base all advancing related on-chain markets. (Decrypt)
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