Three Firms Tell SEC They Plan Tokenized Securities Venues

The Securities and Exchange Commission (SEC) says three firms have notified it of plans to operate trading venues for tokenized securities, with each proposal naming a different blockchain network. The plans concern the SEC’s innovation exemption , which provides conditional relief for eligible venues trading certain tokenized National Market System stocks. The SEC says appearing on its list does not establish that a company has met the exemption’s conditions. TSV LLC plans to operate on Canton Network. The company is held by Obsidian Systems co-founders Ali Abrar and Ryan Trinkle. Trinkle also serves on the Canton Foundation board.