Crypto: US Securities and Exchange Commission paves way for trading in tokenized shares
The SEC is loosening its regulations and will allow tokenized shares on crypto platforms in the future. This is likely to increasingly shift stock trading to such platforms.
The US Securities and Exchange Commission (SEC) has announced an exemption for trading tokenized securities on crypto platforms. The exemption, which lasts for five years, frees these platforms from many rules that apply to traditional exchanges like Nasdaq and NYSE. Tokenized stocks are digital tokens representing the value of underlying shares, allowing investors to bet on stock price movements.
The exemption is expected to boost the crypto industry by making trading processes more efficient. Platforms such as Robinhood, Coinbase, and Webull are likely to benefit from the development.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.