SEC grants 5-year exemption for tokenized securities trading without exchange registration

The U.S. Securities and Exchange Commission has introduced a long-anticipated exemption allowing venues to list and trade tokenized securities without registering as a formal exchange. The relief is broad in scope, applying as a blanket provision across eligible platforms. The exemption is set to last for a period of five years, giving industry participants a defined window to operate under relaxed regulatory requirements. The move signals a notable shift in the SEC's approach toward blockchain-based financial instruments. It is expected to provide regulatory clarity and breathing room for firms exploring tokenized securities markets.