Sep. 17 at 3:17 PM
$HOOD A historic moment. Tokenized stocks have just been officially approved by the U.S. Securities and Exchange Commission (SEC), which means that the majority of U.S. stocks can now be mapped onto the blockchain, turned into stock tokens, and circulated for trading.
Moreover, the SEC has granted the longest innovation exemption of up to 5 years this time, allowing exchanges or market makers to implement this model without the corresponding brokerage licenses.
However, platforms converting to stock tokens still need to first provide written notice to the original listed company; if the company does not object within 30 days, the process can proceed.
This means that the U.S. authorities have, for the first time, opened an official channel for bringing real stocks on-chain.
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