Securitize jumps after regulators greenlight some tokenized U.S. stock trading
Securitize surged Thursday after federal regulators greenlit the issuing of tokenized stocks on some trading platforms in the U.S. The tokenization name was last up 14%. At its peak, it was up 24%. The Securities and Exchange Commission earlier in the day announced a temporary path for the limited trading of tokenized publicly traded U.S. stocks . The order, though not a formal regulation change, will remain in force for five years. SECZ 5-day chart "The Innovation Exemption is designed to resolve challenges that have prevented responsible innovation from taking root in the United States while providing investor protections and market integrity standards," SEC Chair Paul Atkins said in a statement. Tokenization refers to the process of registering ownership rights for real-world assets like bonds and stocks on a digital decentralized ledger. The technology makes it possible to trade financial assets around the close, giving tokenized securities an edge over their traditional...
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