[SEC Approves Innovative Exemption, Allowing Certain Tokenized NMS Stocks to Trade on On-Chain Platforms] Odaily Planet Daily News – The U.S. Securities and Exchange Commission stated that tokenization has the potential to reduce costs in market infrastructure processes such as issuance, trading, transfer, settlement, and ownership recording, while enhancing transparency and liquidity. Eligible tokenized securities trading platforms may conduct approved trading through automated market makers and liquidity pools, but must meet requirements for public disclosure, trading transparency, circuit breaker coordination, record-keeping, and technical safeguards. Additionally, they are subject to limitations on the number of stock codes and trading volume.