SEC grants five-year exemption for tokenized stock trading on US exchanges

The US SEC has confirmed the issuance of temporary, conditional exemptive relief for Tokenized Securities Venues (TSVs), allowing them to trade tokenized NMS stock without immediate Exchange Act registration. This action, confirmed by the SEC itself, indicates a regulatory shift towards accommodating blockchain-based trading of national market system securities, though the long-term framework remains uncertain due to the temporary and conditional nature of the relief and an ongoing public comment period. One source claims the exemption is for five years, which is not explicitly confirmed by the primary SEC source.