SEC Tokenized Stock Exemption Rules Out Synthetics, Backs Coinbase Model

The SEC's five-year Innovation Exemption permits on-chain NMS stock trading through permissioned AMM pools, requiring full shareholder rights and excluding synthetic tokens.

• The SEC has introduced a five-year Innovation Exemption allowing on-chain trading of NMS stocks.
• This exemption mandates full shareholder rights and explicitly excludes synthetic tokens, favoring models like Coinbase's.
• The focus is on permissioned AMM pools for regulated trading of tokenized equities.

Topics: Legal regulatory, Institutional adoption, Blockchain usage, Securities law classification, Asset manager initiatives, Ethereum evm l 1 s

Tags: #sec #tokenizedstock #innovationexemption #onchaintrading #permissionedammpools #shareholderrights #synthetictokens #coinbasemodel #regulatoryexemption

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KakaoPay Joins Dinari and Ondo to Pilot Tokenized Korean Stocks

South Korea’s Kakaopay Securities has announced two separate partnerships with tokenization firms Dinari and Ondo Finance aimed at bringing tokenized

• KakaoPay Securities is partnering with Dinari and Ondo Finance to pilot the tokenization of Korean-listed stocks, aiming to provide international investors with access to these assets.
• The initiative focuses on preserving shareholder rights like dividends and voting, and establishing robust sourcing and custody frameworks, rather than just price-tracking tokens.
• The project's commercial rollout is contingent on legal and regulatory approvals in South Korea, with a new regulatory framework for tokenized securities set to take effect in February 2027.

Topics: Asset types, Jurisdictions, Institutional adoption, Equity, Emerging hubs, Asset manager initiatives

Tags: #kakaopay #dinari #ondofinance #tokenizedstocks #koreanequities #shareholderrights #custody #regulatoryapproval #southkorea #dshares

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Bullish Stock Slides Friday: What's Happening?

Bullish NYSE:BLSH shares are trading lower Friday afternoon as investors digest the long-term monetization timeline of the company’s newly announced blockchain equity initiative.Here’s what investors need to know.Issuer Sponsored Token Coalition and Shareholder RightsThe afternoon slide follows Thu…

• Bullish (BLSH) shares are declining as investors assess the long-term monetization of its new blockchain equity initiative.
• The company, along with partners, has formed the Issuer Sponsored Token Coalition to establish standards for tokenized public securities, aiming for direct connection to shareholder registers with full legal ownership rights.
• This initiative follows a recent SEC exemption for on-chain trading of U.S.-listed equities, positioning Bullish to build infrastructure bridging traditional and blockchain systems.

Topics: Asset types, Infrastructure providers, Legal regulatory, Equity, Tokenization platforms, Securities law classification

Tags: #bullish #blockchainequity #tokenizedsecurities #issuersponsoredtokencoalition #equiniti #shareholderrights #votingrights #dividenddistributions #secexemption #interoperability

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Broadridge and Payward Services Collaborate to Give xStocks Holders a Voice in Corporate Governance

• Broadridge and Payward Services are partnering to integrate corporate governance and proxy voting capabilities into Payward's xStocks tokenized equities framework.
• This collaboration allows eligible xStocks holders to participate in corporate governance by submitting voting preferences for the underlying traditional shares.
• The initiative aims to bridge the gap between tokenized equities and traditional stock ownership, enhancing shareholder rights within blockchain-native ecosystems.

Topics: Institutional adoption, Blockchain usage, Legal regulatory, Asset manager initiatives, Ethereum evm l 1 s, Securities law classification

Tags: #xstocks #broadridge #paywardservices #corporategovernance #proxyvoting #tokenizedequities #web3authentication #shareholderrights #digitalassets

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