The SEC is about to legalize the most disruptive shareholder-rights workaround in nine decades. This week, SEC Chair Paul Atkins is expected to release the agency’s Innovation Exemption, a 12-to-36-month sandbox that lets tokenized US stocks trade on public blockchains and DeFi venues, with the issuing company’s consent expressly not required.
On May 18, Bloomberg reported that the SEC is preparing to release its long-signaled Innovation Exemption for tokenized securities. The framework allows digital tokens linked to public-company shares, including tokens issued by third parties without the underlying company’s consent, to trade on decentralized platforms and automated market makers under lighter-touch registration. [NEWS]
