The Securitize president, who ran the SEC's trading and markets division, expects public companies to get a window to object before third parties tokenize their shares.
- Securitize president Brett Redfearn anticipates the SEC's stock-token exemption will allow public companies an opt-out period before their shares can be tokenized by third parties.
- This proposed 'issuer opt-out' mechanism has faced pushback, with groups like the Securities Transfer Association advocating for issuer-sponsored tokens, while Robinhood argues against such veto power.
- Redfearn also expects that if Robinhood brings its stock token offering to the U.S., the SEC will mandate full security entitlements, including voting rights and dividends.
Topics: Legal regulatory, Institutional adoption, Public market, Securities law classification, Asset manager initiatives, Stock equity tokenization
Tags: #securitize #brettredfearn #sec #tokenizedstocks #optout #publiccompanies #issuersponsoredtokens #robinhood #stocktokens #shareholderrecords
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