Andy Previews Major Stock-Tokenization News From Asset Managers
The preview said the largest asset managers are strengthening ties with stock issuers, but it did not identify a company, issuer or announcement date.
Andy said Sept. 24 that institutional asset managers may soon disclose major stock-tokenization developments, with the largest firms strengthening ties to stock issuers.
The preview did not identify a specific company, stock issuer or date for any announcement.
Stock tokenization involves representing traditional shares on blockchain networks. The development would be relevant to crypto markets because it could connect large asset managers and equity issuers with blockchain-based trading infrastructure.
The comments follow the Securities and Exchange Commission’s five-year innovation exemption, which took effect Sept. 17 and allows compliant venues to trade certain stocks through automated market-maker pools while providing exemptions for some market-making broker-dealers.
