The U.S. Securities and Exchange Commission (SEC) is reportedly poised to approve tokenized stocks. After months of deliberation, the SEC is expected to finalize a legal framework for tokenized equities as early as this week. The regulator is said to be leaning towards a model that would permit individuals to create tokens tracking the price of major company stocks, such as Apple or Tesla, without requiring explicit consent from the issuing companies. However, purchasers of these tokens would not possess voting rights or be entitled to dividends, unlike traditional shareholders.
Wall Street appears to be preparing for this potential shift: * The DTCC commenced piloting tokenized trading in July, with a broader launch anticipated in October. * Nasdaq received SEC approval for its tokenization plans back in March. * The NYSE is actively developing a 24/7 tokenized exchange.
Several crypto projects are expected to benefit from this development: * Ondo (ONDO): A leader in the Real World Asset (RWA) sector, offering over 100 tokenized U.S. stocks and ETFs. * xStock: A project acquired by Kraken, which has partnered with Nasdaq and is currently conducting an airdrop. * Infrastructure providers: Chainlink (LINK), Ethereum (ETH), Solana (SOL). * Centralized Exchanges (CEXs) and Perpetual Decentralized Exchanges (PerpDEXs) that embrace tokenized securities, including Hyperliquid, TradeXYZ, Binance, and Bybit, among others
The U.S. Securities and Exchange Commission (SEC) is reportedly poised to approve tokenized stocks. After months of deliberation, the SEC is expected to finalize a legal framework for tokenized equities as early as this week. The regulator is said to be leaning towards a model that would permit individuals to create tokens tracking the price of major company stocks, such as Apple or Tesla, without requiring explicit consent from the issuing companies. However, purchasers of these tokens would not possess voting rights or be entitled to dividends, unlike traditional shareholders.
Wall Street appears to be preparing for this potential shift:
* The DTCC commenced piloting tokenized trading in July, with a broader launch anticipated in October.
* Nasdaq received SEC approval for its tokenization plans back in March.
* The NYSE is actively developing a 24/7 tokenized exchange.
Several crypto projects are expected to benefit from this development:
* Ondo (ONDO): A leader in the Real World Asset (RWA) sector, offering over 100 tokenized U.S. stocks and ETFs.
* xStock: A project acquired by Kraken, which has partnered with Nasdaq and is currently conducting an airdrop.
* Infrastructure providers: Chainlink (LINK), Ethereum (ETH), Solana (SOL).
* Centralized Exchanges (CEXs) and Perpetual Decentralized Exchanges (PerpDEXs) that embrace tokenized securities, including Hyperliquid, TradeXYZ, Binance, and Bybit, among others