SEC Allows Limited Onchain Trading of Tokenized U.S. Stocks
The five-year exemption creates a regulated test, but the failed Senate vote on broader digital-asset legislation leaves U.S. market rules less durable.
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The five-year exemption creates a regulated test, but the failed Senate vote on broader digital-asset legislation leaves U.S. market rules less durable.
Matt Hougan's thesis rests on an addressable market $500T deep: tokenized stocks, bonds and real estate running on chains that today only clear roughly $2T of crypto volume.
Selig's Bankless remarks signal Washington may rewrite decades-old exchange rules to let 24/7 on-chain derivatives venues register in the US — if investor protections and disclosures are met.
The deal pairs Coinbase's regulated stablecoin infrastructure with Hyperliquid's perps volume — and clears the way for the venue's homegrown USDH to be wound down.