Bloomberg: SEC May Roll Out \u0022Innovation Exemption\u0022 for Third-Party Tokenized Stocks on DeFi Platforms

The U.S. Securities and Exchange Commission may introduce an \u0022innovation exemption\u0022 framework for tokenized stocks as soon as this week, Bloomberg reported. The plan would allow blockchain-based tokens that track publicly traded equities to be issued and traded, including by third parties without permission from the underlying public companies. The tokens could also be listed on DeFi platforms. Bloomberg said platforms offering the products could lose eligibility under the exemption if the tokens do not grant holders traditional shareholder rights such as voting or dividends.