👀 SEC Permits Limited On-Chain Trading of Tokenized Stocks 🔹 The U.S. Securities and Exchange Commission (SEC) has approved a temporary conditional Innovation Exemption to allow limited on-chain trading of tokenized equities, according to Commissioner Mark Uyeda. 🔹 The relief applies to equities within the National Market System (NMS). The exemption enables Tokenized Securities Venues (TSVs) to facilitate trading in these assets using automated market makers (AMMs) and liquidity pools without automatically triggering classification as an exchange under the Exchange Act. 🔹 However, this does not represent a blanket exemption from SEC oversight. Operating venues must satisfy strict conditions, including publishing public operational notices, ensuring transaction transparency, maintaining records, coordinating trading halts, and meeting robust cybersecurity standards.