Former FTX Europe chief targets U.S. tokenized stock trading with new SEC exemption
Perpetuals.com has said it plans to offer tokenized U.S. stocks under the SEC’s new innovation exemption, becoming the second company named in this category after an earlier joint venture involving OKX and ICE. The proposal places tokenized shares inside a five-year SEC framework and describes a market with 24/7 trading, fractional ownership and near-instant blockchain settlement for eligible users.
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Users and market participants watching tokenized stock access would see Perpetuals.com move into a five-year SEC framework that is already being used by another named effort. That means the product is being discussed in a regulated setting rather than outside one, and the notice of intent is part of that process today.
In practice, the proposal keeps the underlying equity features of dividends and voting rights while adding around-the-clock trading, fractional ownership and faster blockchain settlement for eligible users. What does not change in the description is that these remain proposed tokenized U.S. stocks, not a completed market launch.
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