Just In: SEC Approves Innovation Exemption for Tokenized U.S. Stocks to Trade via Onchain AMMs

The U.S. Securities and Exchange Commission (SEC) announced that it has officially approved a temporary, conditional exemptive framework (the "Innovation Exemption") to allow limited pilot trading of tokenized National Market System (NMS) stocks on specific onchain platforms known as Tokenized Securities Venues (TSVs). The exemption provides temporary regulatory relief to TSVs, ensuring they are not immediately classified as "exchanges" under the Securities Exchange Act of 1934 when offering tokenized equities through permissioned automated market makers (AMMs) and liquidity pools, while also establishing clear guidelines for liquidity providers deploying proprietary capital for market-making support. — link