regulatory filing

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

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Real-world assetsRegulation

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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Key claims & sources

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Perpetuals.com plans to offer tokenized U.S. stocks under the SEC’s new innovation exemption.
Former FTX Europe chief targets U.S. tokenized stock trading with new SEC…
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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.
Former FTX Europe chief targets U.S. tokenized stock trading with new SEC…
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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.
Perpetuals.com Targets U.S. Tokenized Stocks Under SEC Relief
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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.
Perpetuals.com Targets U.S. Tokenized Stocks Under SEC Relief

What it means

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 i

Total crypto marketall crypto assets combined no single asset in the event: read against the whole market
first headline
-0.3% 2 h before
-1.1% 4 h after
$2.8Tmarket cap at publication
12data points

Coverage timeline

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.

first
Oct 14 14:08
+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: follows, defiant, waiting; with quotes

Has this happened before?

WhenWhat happenedFigure
31 days ago Winklevoss group seeks to launch Zcash ETF with 0.25% fee, proposed WINK ticker event 2 actors in common · 4 news media
31 days ago Winklevoss files for spot Zcash ETF with US SEC event 2 actors in common · 9 news media
33 days ago OKXICE files for round-the-clock tokenized trading in U.S. stocks event 2 actors in common · 2 news media
33 days ago OKX files with SEC to bring tokenized-stock trading to the US event 2 actors in common · 10 news media
31 days ago Winklevoss files for spot Zcash ETF as ZEC price climbs above $1,376 event 1 actors in common · 3 news media