SEC mandates 30-day notice for tokenized stock trading

According to SEC documents, Tokenized Securities Venues (TSVs) must notify stock issuers at least 30 days before trading begins. Issuers have the right to object, which would prevent trading on the venue; failure to respond is considered tacit approval. SEC Commissioner Atkins stated that issuers must have the opportunity to block their securities from being traded on TSVs. Additionally, tokenized NMS stocks must provide holders with rights equivalent to traditional securities, including dividends and voting rights.