SEC Chair Atkins Announces Innovation Exemption for Tokenized Securities

SEC Chair Paul S. Atkins announced that the SEC has approved an 'innovation exemption' under the Securities Exchange Act of 1934. This measure provides a temporary regulatory pathway for qualified Tokenized Securities Venues (TSV) to trade certain tokenized NMS stocks and grants dealer definition exemptions to specific liquidity providers. Tokenized assets must maintain rights equivalent to traditional securities, such as voting and dividends, and issuers retain the right to object to their stocks being traded on these venues.