SEC’s Tokenized Stock Framework Could Fracture Wall Street’s Fee Monopoly Forever
The SEC is preparing to announce an innovation exemption allowing third parties to tokenize listed stocks like Apple and Tesla without issuer approval. According to reports, the announcement could come within days. The exemption, shaped by Chair Paul Atkins and Commissioner Hester Peirce following a February deregulatory proposal, is narrower than markets anticipated: Two Fragmentation […]
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