Former FTX Europe chief targets U.S. tokenized stock trading with new SEC exemption

REGULATORY DECISIONFormer FTX Europe chief targetsU.S. tokenized stock trading withnew SEC exemption52IMPORTANCEQUIET4NEWS MEDIA4PIECESOct 14, 2026 14:10blockboard.net

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.

What this rests on

Claim by claim, with its source
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Perpetuals.com plans to offer tokenized U.S. stocks under the SEC’s new innovation exemption.
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The company is described as the second firm to pursue a U.S. tokenized stock marketplace under the SEC’s new framework, after a joint venture between OKX and ICE.
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Perpetuals.com has published notice of its intent to use the SEC’s five-year Innovation Exemption for the proposed product.
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The proposed tokenized equities would keep dividend and voting rights while adding 24/7 trading, fractional ownership and near-instant blockchain settlement for eligible users.

What it means

Who it affects, what changes and what is still unconfirmed

Each sentence links inside to the piece that supports it.

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.

Market reaction

BT Bitcoin market event: it is read against the reference from 2 h before to 4 h after the line marks the first headline
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-1.01 % before publication
-1.41 % after
$82,749price at publication
12series points

How the story was built

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

+2 h 55 m
Oct 14 17:03
Crypto Economy context
Its angle: implementation, tokenization, conditional; with quotes
+4 h 33 m
Oct 14 18:42
crypto.news echo
No new facts: subject, ticker, trades
+2 d
Oct 16 14:32
The Defiant echo
No new facts: waiting, defiant, follows; with quotes

Has this happened before?

WhenWhat happenedFigure
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5 days ago Coinbase CEO Backs SEC Proposals to Broaden Retail Access to Private Markets event 1 actors in common · 2 news media
7 days ago Franklin Templeton Seeks SEC Clarity for Tokenized Fund Trading event 1 actors in common · 2 news media
7 days ago SEC Proposes Expanding Securities Eligible for Cross Trading by Registered Funds event 1 actors in common · 2 news media