Tokenized stock venue on Canton could beat OKX–ICE to first trade under SEC framework
Source: CoinDesk ·
From the source
The venue, called TSV LLC, plans to start trading shares Canton Strategic Holdings shares as early as Monday, using issuer-sponsored tokenization that avoids the 30-day company objection window. A stock-trading venue on the Canton Network could beat the joint venture between crypto exchange OKX and NYSE parent Intercontinental Exchange (ICE) to the first trades under the Securities and Exchange Commission’s new tokenization framework , starting with a company that wants its shares onchain. Canton Strategic Holdings (CNTN) said Thursday it agreed to make its common stock available on TSV LLC, with trading expected to begin as soon as Monday. The Nasdaq-listed company has engaged SEC-registered onchain transfer agent Fairmint to issue the tokenized shares and maintain their official ownership records. The arrangement takes a different route from the third-party tokenization model that has drawn a wave of objections to OKXICE’s proposed listings. Canton Strategic Holdings is sponsoring…