First tokenised US stock trades on Canton
Five North's CNTN shares, held in a Loop Wallet, were the first tokenised US equity to trade under the SEC Innovation Exemption. The trade settled atomically on Canton, with DRW Cumberland as the first buyer.

On 4 November 2026, shares of Nasdaq-listed Canton Strategic Holdings (CNTN) traded as tokens for the first time under the SEC's Innovation Exemption, announced 17 September. Fairmint, an SEC-registered transfer agent, recorded issuer-sponsored tokens to Five North's Loop Wallet; TSV ran an AMM pool on Tradecraft with Flowdesk as liquidity provider, and DRW Cumberland made the first purchase, settling atomically on Canton. The author argues the token is the share itself, not a synthetic wrapper, with holders receiving the same rights as Nasdaq holders. Identity checks and sanctions screening apply, and settlement is atomic and around-the-clock.

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• Wallet
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