Former FTX Europe chief targets U.S. tokenized stock trading with new SEC exemption
Source: CoinDesk ·
From the source
Nasdaq-listed Perpetuals.com is the second company to pursue a U.S. tokenized stock marketplace under the SEC's new framework, following a joint venture between OKX and NYSE parent ICE. A Nasdaq-listed fintech company led by a former FTX Europe executive is planning to bring tokenized U.S. stocks trading onto blockchain rails under the Securities and Exchange Commission's (SEC) new regulatory framework . Perpetuals.com (PDC), headed by CEO Patrick Gruhn, filed a notice on Wednesday that it plans to operate a tokenized securities venue under the SEC's five-year "innovation exemption," which allows certain marketplaces to trade U.S. stocks on public blockchains without registering as traditional securities exchanges. The move makes Perpetuals.com the second company to pursue a marketplace under the exemption, following OKXICE, a joint venture between crypto exchange OKX and New York Stock Exchange (NYSE) parent Intercontinental Exchange (ICE), which last week filed plans for…