SEC approves 5-year 'Innovation Exemption' for tokenized U.S. stocks, also exempting liquidity providers from dealer registration

The SEC approved a temporary, conditional 'Innovation Exemption' letting eligible platforms list and trade tokenized U.S. NMS stocks onchain without registering as national securities exchanges, and exempting liquidity providers from dealer registration, per Reuters. It takes effect immediately for up to five years, with volume limits and issuer objection rights.

Detected & updated continuously · Source: Nebula