TSV LLC executes first tokenized stock trades under SEC Innovation Exemption
TSV LLC has completed the first tokenized stock trades under the SEC's Innovation Exemption, executing transactions in shares of Nasdaq-listed Canton Strategic Holdings.
TSV LLC has executed its first tokenized stock trades, becoming the first venue to do so under the U.S. Securities and Exchange Commission's Innovation Exemption, according to Eleanor Terrett and reports from Cointelegraph and Crypto Briefing. TSV LLC was previously the first venue to notify the SEC of its intent to operate under the framework, making Canton Strategic Holdings (CNTN) the first tokenized U.S. stock to trade under the regulatory exemption.[1][2][3]
The transactions occurred on TSV LLC's venue, which utilizes the Tradecraft protocol on Canton. A press release reported that Five North sold tokenized shares of the Nasdaq-listed company to DRW Cumberland. Flowdesk supplied liquidity for the market, with DRW Cumberland and Flowdesk acting among the initial counterparties, while Fairmint recorded the shares as transfer agent.[2][3]
Key facts
- TSV LLC executed its first tokenized stock trades, making it the first TSV to do so.
- TSV LLC was the first venue to notify the SEC of its intent to operate under the Innovation Exemption.
- Nasdaq-listed Canton Strategic Holdings (CNTN) became the first tokenized U.S. stock to trade under the SEC's Innovation Exemption.
- Five North sold tokenized shares of CNTN to DRW Cumberland on TSV LLC's trading venue.
- TSV LLC's venue operates using the Tradecraft protocol on Canton.
- Flowdesk provided liquidity, with Flowdesk and DRW Cumberland among the first counterparties.
- Fairmint recorded the tokenized shares as transfer agent.
Sources · 3 sources
- CB
Crypto BriefingArticle ·
Canton Strategic Holdings’ CNTN becomes first tokenized US stock to trade under SEC exemption This milestone in tokenized stock trading could pave the way for broader blockchain adoption in financial markets, influencing future regulations. The post Canton Strategic Holdings’ CNTN becomes first tokenized US stock to trade under SEC exemption appeared first on Crypto Briefing .
Open source - ET
Eleanor Terrett@EleanorTerrettPost on X ·
🚨NEWS: TSV LLC, the first venue to notify the @SECGov it intended to operate under the Innovation Exemption, has executed its first tokenized stock trades, becoming the first TSV to do so. According to a press release, Five North sold tokenized shares of Nasdaq-listed Canton Strategic Holdings ($CNTN) to DRW Cumberland on TSV LLC’s venue, which uses the Tradecraft protocol on Canton. Flowdesk provided liquidity, and Fairmint recorded the shares as transfer agent.
Open source - CO
Cointelegraph@CointelegraphPost on X ·
🔥 TODAY: Canton Strategic Holdings’ $CNTN becomes the first tokenized U.S. stock to trade under the SEC’s Innovation Exemption. The trades ran on TSV LLC, with DRW Cumberland and Flowdesk among the first counterparties. https://t.co/YGmcit511L
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