Perpetuals.com plans to launch a U.S. stock tokenized trading platform under the SEC“innovation exemption” framework
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AT A GLANCE
Perpetuals.com plans to use the SEC 5-year “innovation exemption” to operate a tokenized U.S. stock trading platform, with trading potentially beginning as early as mid-November.
Article
Former FTX Company under the former European head plans to launch tokenized U.S. stock trading platform
PANews October 14 reported, citing CoinDesk, that Nasdaq-listed Perpetuals.com plans to operate a tokenized securities trading platform under the SEC-year 5“innovation exemption” policy. The policy allows certain trading venues to conduct U.S. stock trading on public blockchains without registering as traditional securities exchanges. The company is led by former FTX European head Patrick Gruhn as its CEO, making Perpetuals.com the second company after OKXICE to seek to operate a trading platform under the exemption policy. Perpetuals has not yet determined a specific launch date, and trading could begin as early as mid-November, depending on the completion of market data and compliance arrangements, smart contract security reviews, and other preparations...
PANews said the information came from a CoinDesk report.
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Perpetuals.com plans to operate a tokenized securities trading platform.
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The plan described in the report is based on the SEC-year 5“innovation exemption” policy.
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The report stated that the policy allows certain trading venues to conduct U.S. stock trading on public blockchains without registering as traditional securities exchanges.
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Perpetuals.com is led by former FTX European head Patrick Gruhn CEO。
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The report described Perpetuals.com as the second company after OKXICE to seek to operate a trading platform under the exemption policy.
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Perpetuals.com has not determined a specific launch date and could begin trading as early as mid-November.
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The trading start date depends on the completion of market data and compliance arrangements, smart contract security reviews, and other preparations.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The company wants to enable U.S. stocks to be traded in tokenized form on a platform related to public blockchains and plans to use what the report calls the SEC“innovation exemption”.
Why it matters to readers
If the plan moves forward, it would become another company mentioned in the report attempting to operate a tokenized securities trading platform under the exemption policy, while also providing a case for observing how arrangements for trading U.S. stocks on public blockchains are implemented.
Beginners should understand this as a platform preparation update, not a notice that trading is already available. Pay attention to the official launch date, compliance arrangements, and whether the smart contract security review has been completed.
Risks and unknowns
The provided materials are only a PANews account of CoinDesk and do not include SEC documents or an official announcement from Perpetuals.com.
The specific launch date has not yet been determined.
It is unclear whether the market data and compliance arrangements have been completed.
It is unclear whether the smart contract security review has been passed.
The specific U.S. equity assets available for trading, service regions, and participation requirements have not been specified.
The specific conditions for applying the “innovation exemption” and whether Perpetuals.com ultimately meets the requirements cannot be confirmed from the materials.
Related Developments
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OKXICE The specific identity and related progress have not been specified in the materials.
Related concepts
Tokenized Securities
This term is not in the glossary yet. Browse related concepts in the glossary.
