SEC Establishes Five-Year Tokenized Equity Trading Framework, TD Cowen Expects Limited Near-Term Demand

Odaily News — The U.S. Securities and Exchange Commission (SEC) has established a five-year framework for tokenized equity trading, days after the CLARITY Act failed to advance. Investment bank TD Cowen said that U.S. investors already have easy access to equities, issuers have shown limited interest in tokenization, and near-term adoption is expected to be low.TD Cowen noted that perpetual contracts remain a more attractive way to gain exposure to crypto-related equities, with trading volumes far exceeding those of tokenized spot products. (CoinDesk)