At a glance
- On Nov. 4, $CNTN became the first U.S. equity to trade under the SEC's Innovation Exemption, The Block reported.
- Three U.S. tokenized stock venues picked three different blockchains to launch on over the past week, it said.
- Advisors vetting a tokenized U.S. equity will need to ask which network settles that venue and whether it trades around the clock.
NYSE chose Avalanche as the sole settlement chain for its planned 24/7 tokenized-stock platform, The Wall Street Journal reported Monday, as cited in The Block's Nov. 12 briefing.
On Nov. 4, $CNTN became the first U.S. equity to trade under the SEC's Innovation Exemption, The Block reported. Three U.S. tokenized stock venues picked three different blockchains to launch on over the past week, it said.
Advisors vetting a tokenized U.S. equity will need to ask which network settles that venue and whether it trades around the clock.
Reported by the Tokenization desk from The Block and The Wall Street Journal, as cited by The Block. Published . Corrections