SEC's Atkins backs tokenized stock trading for US edge
Framing it as national-competition stakes rather than a niche experiment signals the SEC is preparing to clear pathways for broker-dealers and exchanges to wrap equities on-chain.
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Framing it as national-competition stakes rather than a niche experiment signals the SEC is preparing to clear pathways for broker-dealers and exchanges to wrap equities on-chain.
Tokenized equities are already the biggest inflow category in the recovering RWA market, so the question of who gets to mint exposure to public shares will define the next phase of onchain finance.
Three networks capture 95% of holders, making infrastructure concentration the key context for rising on-chain equity adoption.
The brokerage already clears or custodies about 94% of tokenized U.S. stocks, making the raise a bid to own the settlement layer before Coinbase and Kraken close in.
The headline $8.7B RWA figure sits on a thin base of concentrated products, but the $1B weekly flow into tokenized equities shows real bid, not marketing.
Solana alone handled $5.77B in tokenized-asset spot volume in Q2 2026, over 7x the prior six-month combined total, with the chain now sitting on 97% of cumulative on-chain equity volume and Raydium…
The crackdown funnels mainland retail back toward onshore venues and licensed cross-border channels — a tailwind for centralized exchanges and on-chain US stock trading that have already been…