Tradecraft supports first tokenized U.S. stock trades under SEC Innovation Exemption

DRW Cumberland bought tokenized shares of Canton Strategic Holdings (NASDAQ: CNTN) from shareholder Five North via a permissioned pool, with Flowdesk providing liquidity and Fairmint maintaining the onchain ownership record. The trades followed TSV's September 23 SEC notice, the first by any tokenized securities venue, and the Innovation Exemption issued September 17. Because the issuer sponsored its own tokenization, the 30-day notice-and-objection process was not required. Per The Block Research, onchain value of tokenized stocks grew from about $678 million to $3.15 billion by September 2026.

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