The framework requires tokens to carry the same voting and dividend rights as traditional shares, though issuers may block their assets from being tokenized within 30 days. While tokenized equities currently represent $3 billion of a $70 trillion market, analysts from Goldman Sachs and Citizens suggest the rules favor Coinbase, Robinhood and Circle. Some related crypto assets have surged 50%, with $HYPE hitting $96, as the first venues could take shape next quarter amid calls from CFTC Chair Selig for "mass tokenization."
Tuesday, October 20, 2026
Story
SEC Opens 5 Year Pilot for Tokenized US Stock Trading
Crypto28 days ago
The Securities and Exchange Commission has created a new legal pathway for registered U.S. shares to trade through automated market makers on public blockchains. These "Tokenized Security Venues" can operate under a conditional exemption for five years, provided they limit daily trading volume to 0.25% of a security's average volume from the prior month. All traders and liquidity providers must undergo identity verification via KYC and KYB processes to access the permissioned venues.
Looking for more context or analysis?
Tilt chat provides reliable, tailored insights, alerts, and automations.