Three Firms Line Up to Trade Tokenized US Stocks Onchain Under SEC Exemption

Three companies have told the US Securities and Exchange Commission (SEC) they plan to run onchain venues for tokenized US stocks.

The regulator published their names on Tuesday, and none of them has started trading.The filers are TSV LLC, a Puerto Rico company that notified the SEC on September 23, and OKXICE TSV, the joint venture Intercontinental Exchange and OKX set up in June, on October 4.

Kephas Corporation, which does business as Perpetuals.com, filed on October 14.London's trading industry is coming home!All three would operate under the temporary exemption the SEC granted on September 17, which lets approved participants trade tokens carrying the same rights as listed shares.The venues avoid the rules that bind exchanges but face volume caps.

For the most liquid stocks, a venue may trade no more than 0.25% of a stock's average daily volume and list at most 75 symbols.What the Staff Answers ChangeThe SEC's Division of Trading and Markets published four answers on the exemption alongside the list.

A venue should publish its notice only once its operations and access standards "are established and ready for production," the staff wrote.The second answer covers tokens created by third parties without the issuer's involvement.

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