Interpretation of SEC's approval of tokenized stock limited on chain trading: pouring cold water on synthetic US stocks and packaged tokens, milestone for 'real tokenized US stocks' According to BlockBeats, on September 17th, analyst Qinba Frank interpreted the SEC's approval for limited trading of tokenized stocks on on on chain platforms. The purpose of SEC Chairman Atkins is very clear. If Congress fails to push forward the Cryptocurrency Market Structure Act (CLARITY Act) this week, the SEC will take a step within its statutory authority to "bring the US capital market into the digital age," which Atkins also calls a bridge to more sustainable rule making. The core allowed by the "Innovation Exemption" policy is: 1 Convert listed US stocks into on chain tokens and match transactions in licensed AMM/liquidity pools. 2. The "tokenized securities market" (TSV) brings buyers and sellers together: provides an AMM liquidity pool and sets who can enter the market for trading. 3. Tokens must provide holders with the same rights as traditional stocks, including dividends, voting, etc., and cannot just be a composite exposure of "up and down". 4. Tokens can be minted by the issuer itself (or its representative), or by a third party unrelated to the issuer; But if it is a third-party casting, TSV must notify the issuer in writing and give the other party the opportunity to object. There are reports that the window is about 30 days, and if the issuer vetoes it, trading cannot be conducted on that platform. [Original link]