SEC’s Innovation Exemption opens a path to onchain trading of listed stock, and issuers have 30 days to object. Learn what to do now.
- The SEC's Innovation Exemption allows for onchain secondary trading of listed stocks via Tokenized Securities Venues (TSVs), with issuers having a 30-day opt-out right.
- This exemption provides temporary relief from 'exchange' and 'dealer' definitions, but issuers must actively object to prevent third-party tokenization of their stock.
- Companies are advised to prepare for this new framework by establishing notice routing and deciding on their objection strategy, as the SEC moves towards digitalizing capital markets.
Topics: Legal regulatory, Institutional adoption, Public market, Securities law classification, Asset manager initiatives, Stock equity tokenization
Tags: #secinnovationexemption #onchaintrading #listedstock #tokenizedsecurities #issuerobjection #tokenizednmsstock #tokenizedsecuritiesvenuestsvs #liquidityproviders #optoutmodel #governance
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