Three Companies Notify SEC of Plans to Launch Tokenized Stocks Trading

Tokenized Stock Venue, Perpetuals.com, and OKX have notified the U.S. Securities and Exchange Commission of their plans to operate tokenized securities venues, following a September rule that offered a five-year exemption for tokenized stock trading. OKX was the first to file with the regulator to debut tokenized securities trading on its new platform, OKXICE. Proponents argue that tokenizing stocks on the blockchain allows traders to operate 24/7. SEC Chair Paul Atkins said the regulator aims to modernize securities oversight in the age of blockchain and crypto assets, aligning with the administration's goal for the U.S. to be the "crypto capital of the world."