Fox Business: Three companies plan to operate a tokenized securities trading venue under the SEC's innovation exemption

The U.S. Securities and Exchange Commission (SEC) stated that three companies have notified it of their plans to operate tokenized securities trading venues (TSV) under the new innovation exemption policy.

TSV LLC is held by Obsidian Systems co-founders Ali Abrar and Ryan Trinkle, with Ryan Trinkle also serving as a board member of the Canton Foundation. The platform plans to operate on the Canton Network; OKXICE is a joint venture between OKX and ICE Markets, planning to operate on OKX's Ethereum Layer 2 network X Layer; Kephas Corp. is the U.S. subsidiary of Perpetuals.com, led by founder @PGruhnPDC, who previously served as the head of FTX Europe. This platform plans to operate on the public, permissionless Layer 2 network Kronos X Public, which adopts a licensed trading pool.

The SEC stated that being listed does not mean that the relevant companies have met the conditions for the innovation exemption.