SEC tokenised-stock rules face issuer objections
- The SEC introduced a temporary innovation exemption for eligible tokenised-stock trading venues.
- Broadcom, Verizon and other companies objected to planned listings on the OKX-ICE platform.
- The framework allows eligible tokenised securities to trade under specified conditions while protecting issuers’ ability to object.
The US Securities and Exchange Commission has introduced a temporary innovation exemption for tokenised-stock trading, effective 17 September 2026.
The framework grants conditional relief to eligible trading venues and liquidity providers operating within specified regulatory requirements.
SEC Chair Paul Atkins said the exemption must be followed by durable rulemaking to govern on-chain markets.
The framework permits eligible venues to trade certain tokenised stocks while giving issuers an opportunity to object to listings.
Broadcom, Verizon and other companies objected to planned listings on the OKX-ICE platform, according to CoinDesk.
Under the SEC’s conditions, qualifying tokenised stocks must preserve traditional shareholders’ rights, including voting rights and dividend entitlements.
The SEC also requires participating venues to restrict access to eligible participants and comply with applicable anti-fraud and anti-manipulation rules.
The exemption establishes a temporary regulatory pathway for eligible tokenised-stock trading while the SEC considers longer-term rules.
