TSV LLC Completes Its First Tokenized Stock Trade Under SEC Exemption

TSV LLC completed its first tokenized stock trade under the SEC’s innovation exemption, marking a live milestone for onchain U.S. equities.

The sale took place on a venue operated by Five North through TSV LLC, using the Tradecraft protocol on Canton. The venue sold tokenized shares of Nasdaq-listed Canton Strategic Holdings to DRW Cumberland.

Flowdesk provided liquidity for the transaction, while Fairmint served as the shares’ transfer agent. The deal brought a venue operator, trading protocol, liquidity provider and transfer agent together around one sale.

TSV LLC was the first TSV to complete a transaction of this kind. DRW Cumberland was the buyer, and Canton Strategic Holdings was the Nasdaq-listed issuer represented by the tokenized shares.

The trade marks a live milestone for onchain U.S. equities: shares of a Nasdaq-listed company changed hands through the venue, with the participants’ operational roles identified.