Former FTX Europe chief targets U.S. tokenized stock trading with new SEC exemption

A Nasdaq-listed fintech company led by a former FTX Europe executive is planning to bring tokenized U.S. stocks trading onto blockchain rails under the Securities and Exchange Commission's (SEC) new regulatory framework . Perpetuals.com (PDC), headed by CEO Patrick Gruhn, filed a notice on Wednesday that it plans to operate a tokenized securities venue under the SEC's five-year "innovation exemption," which allows certain marketplaces to trade U.S. stocks on public blockchains without registering as traditional securities exchanges.