SEC plan to scrap ‘Rule 611’ positive for tokenized US stocks: Galaxy
Summary
The SEC’s proposal to rescind Rule 611 and Rule 610(e) could remove a major barrier for tokenized U.S. stocks traded on decentralized platforms. Galaxy argues that the change would make it easier for automated market makers to support tokenized equities under a more flexible best-execution framework. The proposal is now open for a 60-day comment period, after which the SEC may revise it. This matters for crypto and blockchain platforms building tokenized stock products because it could reduce legal friction and expand viable trading models.
Classifications
industries
Fintech & Banking
applications
AI & Machine learning
AskAI Classifications
Labels
SaaS
FinTech Software
Cybersecurity Software
Linked Companies
Galaxy Digital Holdings
$50M to $100M