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SEC Innovation Exemption

Conditional, time-limited SEC exemptive order for trading tokenized National Market System stocks on blockchain-based venues.

Current clusters

invest1 publisher

Tokenized stocks grew fivefold to $4.43 billion before the SEC introduced its exemption

Tokenized stocks hit $4.43 billion by Sept. 15, up 390% this year per Binance Research, two days before the SEC introduced its exemption. About 7.5% of it is deployed on-chain, and the first US venue is expected as early as the fourth quarter.

Publishers:en.sedaily.com

Reality

Evidence45
Adoption20
Hype gap+25
Incentives: Insufficient
Confidence40

invest2 publishers

Robinhood must rebuild its stock tokens as real shares to reach US users by 2027

The SEC's September 17 Innovation Exemption runs five years and requires tokenized stocks to carry full shareholder rights, so the Jersey-issued debt securities Robinhood sells in 120 countries do not qualify as written, and issuers get a say in what does.

Publishers:cryptobriefing.comthedailyupside.com

Reality

Evidence50
Adoption35
Hype gap+30
Incentives55
Confidence45