SEC
Every story this desk has filed under SEC, most recent first.
Only a Tenth of Tokenized Stock Value Has the Issuer's Blessing
Just 10.7 percent of tokenized equity market capitalisation comes from issuer-sponsored tokens, Crypto Briefing reports. The rest is synthetic or custodian-backed, and the gap is the whole argument about shareholder rights.
A Nasdaq-Listed Company Files Its Notice to Trade Tokenized US Stocks
Perpetuals, run by the former head of FTX Europe, says it has filed a notice of intent to rely on the SEC's five-year conditional exemption for tokenized equities. A 30-day waiting period now runs.
AMC's Chief Executive Says the Cinema Chain Will Not Let Robinhood Tokenize Its Shares
Adam Aron said AMC would withhold consent for Robinhood stock tokens in the United States. Under the SEC's new framework, an issuer's objection is enough to keep a token off the board.
Nine Companies Have Now Told OKX and ICE Not to Tokenize Their Shares
CoreWeave and Broadcom joined the list of issuers objecting to the OKX-ICE stock tokenization venture. Under the SEC's conditional exemption, each objection blocks that company's token from trading.
A Second Company Asks the SEC for Permission to Run a Tokenized Stock Market
Perpetuals.com, listed on Nasdaq and run by the former head of FTX Europe, is applying under the exemption framework the SEC opened for onchain share trading. Only one other venture has gone first.
OKX and the NYSE's Owner File to Run a 24/7 Tokenized Stock Venue in the US
OKXICE, a joint venture between the exchange OKX and Intercontinental Exchange, has filed with the SEC to offer tokenized shares in more than 60 US-listed companies under the regulator's innovation exemption.
The SEC Proposes Letting Investment Advisers Hold Crypto Themselves
A new proposed rule would allow advisers and funds to use state trust companies as custodians and, in some cases, to self-custody digital assets. Comments run 60 days from publication.
Robinhood Says the SEC's Innovation Exemption Is a Constraint, Not a Door, for Stock Tokens
Johann Kerbrat, who runs Robinhood's crypto arm, told The Block the firm is still working through the terms of the SEC's innovation exemption before it can bring tokenized stocks to American users.
The SEC Reopens Transfer-Agent Rules, and the Question Is Which Ledger Is the Real One
Tokenised shares can end up recorded in four places at once: a token contract, a special-purpose vehicle, a broker's books and a transfer agent's database. An argument published by CoinDesk says that is how you rebuild the paperwork crisis.
Four Brokerages Form a Group to Tie Stock Tokens Back to the Share Register
Bullish, Alpaca, Apex Fintech and DriveWealth want onchain shares recorded in official shareholder books rather than held through an intermediary's balance sheet, following the SEC's innovation exemption.
MoonPay Buys a Registered Broker-Dealer to Get Into Tokenised Securities
The payments firm agreed an all-stock deal worth more than $60m for North Capital, an SEC-registered broker-dealer, days after the SEC opened a conditional path for tokenised stock trading.
NYSE Signs Blockchain.com Up to Explore Round the Clock Tokenised Stock Trading
The New York Stock Exchange and Blockchain.com have agreed to explore offering tokenised US stocks and exchange traded funds, subject to regulatory approval, with two way distribution of market data between the two firms.
Ondo Lets Institutions Swap Real Shares for Tokens Without Touching Cash
Approved institutions can now mint and redeem Ondo's tokenized stocks and ETFs by delivering the underlying securities rather than buying them, according to Cointelegraph.
Coinbase's Stock Tokens on Base Reach 46,700 Holders After a 97-Fold Month
The holder count for Coinbase's tokenized equities on Base rose roughly 97 times in 30 days to 46,700, according to figures the exchange reported. Holders are not volume, and the distinction matters.
Wall Street Analysts Name the Firms That Gain From the SEC's Tokenised Stock Opening
Goldman Sachs and Citizens told clients the SEC's five-year exemption puts custody, tokenisation infrastructure and stablecoin settlement in play, with Coinbase, Robinhood and Circle named as the near-term beneficiaries.
Crypto.com and Coinbase Both File to Put Perpetual Futures on Single US Stocks
Coinbase has filed to offer perpetual futures on individual American stocks, and Crypto.com has registered with the SEC for single-stock futures, with its chief executive saying sister exchange OG.com has been cleared for US access.
The SEC Gives Tokenized Stock Venues Five Years Without an Exchange Licence
The Securities and Exchange Commission issued a five-year blanket exemption letting qualifying venues list and trade tokenized US stocks on public blockchains without registering as exchanges. Price-tracking synthetics are excluded, and companies can block tokenization of their own shares.
Kalshi Wants Perpetual Futures on Tesla and Nvidia, Around the Clock
The prediction-market operator plans to seek US approval for roughly 60 perpetual contracts on stocks and ETFs, dropping a crypto trading structure into the middle of an unresolved argument over who regulates it.
Citadel Asks the SEC to Claim Event Contracts That Reference Listed Companies
Citadel Securities has urged the SEC to assert oversight of event contracts tied to public companies, challenging the CFTC self-certification route that has let prediction markets list them.
ARK Wants a Tokenized Share Class for Its Venture Fund, and the SEC Has a Date
A pending exemptive application would let ARK Venture Fund record ownership of a new share class on a distributed ledger and trade it on registered alternative trading systems. Hearing requests close on 18 September.
Coinbase Files to List Single-Stock Perpetuals in the US, and Ondo Argues the Law Already Allows It
Coinbase lodged notices with the SEC for round-the-clock perpetual futures on individual stocks, extending a lineup that so far stops at thematic indexes. Ondo told both regulators the existing rulebook can hold the product.
The SEC Reopens the Rulebook for Who Keeps the Share Register
The regulator proposed its first broad rewrite of transfer agent rules since the 1980s, explicitly addressing blockchain recordkeeping and tokenized securities, and set an agenda for a roundtable on round-the-clock US trading.
The SEC's Custody Rewrite Reaches the White House, Which Is Where Rules Go to Be Timed
A proposal to change how investment advisers and funds hold digital assets has been sent for White House review, following the withdrawal of a separate 2023 attempt. Nothing is in force, and the text is not public.
The Lobby for Onshore Equity Perps Now Has Two Voices Asking for the Same Thing
The Blockchain Association wants a joint SEC and CFTC framework for equity perpetuals, and Hyperliquid's policy arm is asking the same two regulators to harmonise their treatment of perps.
Robinhood's Chief Makes the Public Case for Tokenized Stocks, Days After the SEC Parked His Shortcut
Vlad Tenev published an argument for tokenizing US equities five days after the SEC set aside its innovation exemption for a second time. Robinhood Chain, meanwhile, printed a fresh TVL high.