Tokenized Stocks Explained: What the SEC's Innovation Exemption Permits, and What It Doesn't

Описание: Trading stocks on a blockchain, 24 hours a day.
On September 17, 2026, the U.S. Securities and Exchange Commission (SEC) permitted venues for trading tokens of listed stocks, with conditions, as a temporary five-year measure.
It covers only tokens that carry the same rights as shareholders, and there are caps on the number of symbols and on trading volume.

In this video:
What tokenized stocks are, and how they differ from the way stocks are recorded today
Three models of "stock tokens" (issuer-sponsored, custodial and synthetic)
The size of today's market, about $3.25 billion
What was permitted on September 17 (exemptions for Tokenized Securities Venues, or TSVs, and for liquidity providers)
How prices are set by a liquidity pool
The seven conditions of the exemption, and what changes for those who trade
Concerns and open issues, and the cross-industry study in Japan

Chapters
0:00 The day stocks tradeon a blockchain
0:35 The U.S. has permitted on-chain trading of listed stocks, with conditions
1:04 What are tokenized stocks?
1:32 "Stock tokens" come in three models
2:17 Today's market: about $3.25 billion
2:54 What was permitted on September 17
3:47 Prices are set differently from an exchange
4:33 The exemption comes with conditions
6:00 What changes for those who trade
6:37 Concerns and open issues
7:26 Japan: cross-industry product coordination has begun
8:36 Summary

Notes
Information as of October 2, 2026, based on public information.
Market-size figures are a data provider's counts (as of October 1, 2026) and change over time.
Before using any product or venue, please check the conditions in the official documents.
This is not a recommendation to buy or sell any stock, crypto asset or financial product. Please make investment decisions yourself.

Main sources
SEC order, press release and fact sheet (September 17, 2026), statement by Commissioner Peirce
SEC staff "Statement on Tokenized Securities" (January 28, 2026)
Sidley Austin, SIFMA statement, RWA.xyz, CNBC, Cointelegraph, CoinDesk
Progmat announcements (November 4, 2025; April 7, 2026), Nikkei, CoinDesk JAPAN

#TokenizedStocks #SEC #Blockchain #RWA #Tokenization