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Perpetuals.com Plans Tokenized U.S. Stock Trading Under SEC Innovation Exemption

1 reports1 sources10/14/2026 updated

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Patrick Gruhn, former chief of FTX Europe, is spearheading Perpetuals.com’s initiative to launch tokenized U.S. stock trading under the SEC’s Innovation Exemption framework. The Nasdaq‑listed company intends to use licensed automated market maker (AMM) liquidity pools to facilitate trading, with the first pools expected to go live by mid‑next year. Each pool will pair tokenized shares of U.S. equities with digital assets such as USDC, and Perpetuals.com must complete both technical integration and regulatory compliance before launch. The project represents a significant step toward broader adoption of tokenized securities in the United States, though it remains subject to ongoing regulatory scrutiny and the need for robust compliance safeguards.

Written with AI from the reporting · updated 10/15/2026

Latest developmentOct 14, 22:08
Nasdaq-listed Perpetuals.com plans tokenized U.S. stock trading under new SEC exemption
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  1. 1Unclassified fact stationOct 15, 23:27single sourcereport-time onlyrevised

    Perpetuals.com 前 FTX 欧洲首席推动 SEC 创新豁免下的美国股票代币化交易

    Read original source ↗ CoinDeskReplay this moment in the explorer
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    CoinDesk ↗Report pageRevision 2 · currently revised
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    Oct 14, 22:08
    First seen (known side)：
    Oct 15, 23:27
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Oct 14
  1. CoinDeskRelated fact: single sourceFact occurrence time unverifiedSource report revised
    Nasdaq-listed Perpetuals.com plans tokenized U.S. stock trading under new SEC exemption

    Report first recorded Oct 15, 23:27

    Perpetuals.com, led by CEO Patrick Gruhn, plans to offer tokenized U.S. stocks under the SEC's five-year innovation exemption, making it the second company after OKX-ICE to pursue this venue. The exemption allows trading on public blockchains without traditional securities exchange registration, provided tokens carry full shareholder rights, including dividends and voting rights. Trading could begin in mid-November, pending technical and compliance preparations.

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