Perpetuals.com files for SEC exemption to launch tokenized stock marketplace in the U.S.
Regulation & Gov ·
Perpetuals.com has filed for an exemption from the U.S. Securities and Exchange Commission to operate a tokenized stock marketplace domestically. The filing represents an effort to establish a regulated platform for trading tokenized versions of equities within U.S. securities law.
Tokenized securities—blockchain-based representations of traditional stocks—have emerged as a focal point for SEC oversight as the agency develops frameworks for digital assets. The SEC has begun approving rule changes allowing tokenized shares to trade on major exchanges, with the agency clarifying that a security does not lose its regulatory status simply by existing on a blockchain. Market participants including large financial institutions are building products dependent on how the SEC ultimately interprets its jurisdiction over token issuance and trading.
It remains unclear whether the SEC will grant the exemption or what conditions it might impose on such a marketplace. The filing occurs amid broader SEC efforts to establish clearer regulatory boundaries for tokenized securities, digital assets, and the role of exchanges in facilitating their trading.