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SEC Establishes 5-Year Pilot for Tokenized Stock Trading on Blockchains
The SEC announced an Innovation Exemption on September 17, 2026, establishing a five-year regulatory sandbox for platforms trading tokenized securities. This allows registered broker-dealers and ATSs to trade tokenized US stocks on public blockchains. The exemption is limited to actual securities, restricts venues to 75 individual securities, caps trading volume at 0.25% per security, and specifies Ethereum, Solana, and BNB Chain as approved blockchains.
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