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U.S. SEC opens path to 24-hour trading in tokenised stocks; Michael Saylor calls it a major breakthrough

The U.S. Securities and Exchange Commission has unveiled a temporary regulatory framework allowing secondary market trading of tokenised U.S. stocks. The framework permits trading through tokenised stock vendors that meet certain conditions and allows use of automated market maker liquidity pools. It also requires underlying smart contracts to be public, auditable and run on a public, permissionless distributed ledger. Strategy chairman Michael Saylor called the move a major breakthrough and highlighted 24-hour on-chain trading.