Perpetuals Plans Tokenized U.S. Stock Trading Under SEC Relief
Photo: TokenPost
Perpetuals.com Ltd (Nasdaq: PDC) plans to offer tokenized U.S. stocks through a venue operating under the SEC’s conditional relief, the company announced Wednesday, Oct. 14. The plan would place the company in a temporary regulatory framework for onchain trading in certain U.S. shares, subject to advance notice and operating conditions. The SEC issued the order Sept. 17, granting qualifying Tokenized Securities Venues (TSVs) conditional relief from the Exchange Act’s definition of an exchange when trading National Market System (NMS) stocks through permissioned automated market makers and liquidity pools. Certain liquidity providers also receive conditional relief from the Act’s dealer definition.
Source: TokenPost
