SEC Announces Conditional Relief for Some Tokenized U.S. Stock Venues

The SEC’s Sept. 17 action offers temporary exemptions, subject to conditions, to certain platforms that trade tokenized shares of U.S. national market system stocks. The conditions include notifying the company behind the underlying stock and giving it an opportunity to object.

Ciena separately says it does not consent to trading tokenized securities of Ciena or its affiliates. The company also says it is not tokenizing or facilitating the tokenization of those securities.