SEC rolls out long-awaited ‘innovation exemption’ for tokenized securities venues

SEC rolls out long-awaited ‘innovation exemption’ for tokenized securities venues

Özet: Kripto piyasasında önemli gelişmeler yaşanıyor.

Blockchain-based trading venues that want to list and trade tokenized securities received fresh permission and an explanation of how to do that from the U.S.

Securities and Exchange Commission on Thursday.

The SEC unveiled its long-awaited tokenization exemption on Thursday morning, formally granting these so-called “tokenized securities venues” (TSVs) the ability to provide automated market makers and liquidity pools that, in turn, can be used to trade tokenized securities.

These companies will have a five-year “conditional exemption” from having to meet the definition of an “exchange” in U.S.

Under the SEC’s watch, the venues will manage pools of necessary assets and use algorithm-driven automation to manage the activity of buyers and sellers.

Thursday’s order sets paths for tokenization by either the stock issuer or a third party, under certain conditions.

“The Securities and Exchange Commission is taking a significant step forward, within its statutory authority, to bring America’s capital markets into the digital age by facilitating onchain trading of certain tokenized stocks through the ‘Innovation Exemption,’” SEC Chairman Paul Atkins said in a statement.

The regulator explicitly excluded synthetic security tokens that are derivatives and don’t provide ownership of the shares.

The SEC only allows tokens that represent real ownership of the underlying stock, which Atkins said “must provide holders with the same rights and privileges as the traditional securities, including rights to receive dividends and exercise voting rights.” That may exclude derivatives and debt instruments offered in many of the offshore products, such as from Robinhood.

Analiz: Piyasa hareketliliği devam ediyor.