The SEC opened a 5-year experimental channel, allowing for the trading of fully tokenized U.S. stocks with complete shareholder rights using AMM, excluding synthetic products.

Direct beneficiaries:

ethereum:0xfaba6f8e4a5e8ab82f62fe7c39859fa577269be3 (ONDO):

Coinbase ($COIN):

Robinhood ($HOOD):

Indirect beneficiaries (infrastructure): ethereum:native solana:So11111111111111111111111111111111111111112 Uniswap (ethereum:0x1f9840a85d5af5bf1d1762f925bdaddc4201f984), Raydium ($RAY) and other AMM protocols

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