SEC Considering On-Chain Trading for Stocks with Rapid Launch Plans
According to The Information, the U.S. Securities and Exchange Commission is exploring blockchain-based trading for equities and aims for swift implementation.
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Fact Check
The provided evidence strongly supports the statement. Multiple sources, including official SEC documents, speeches, and proposals from major exchanges like Nasdaq, confirm that the SEC is actively considering and planning for the trading of tokenized stocks on-chain. Initiatives like "Project Crypto" and formal rule change proposals indicate that these are not just theoretical discussions but are moving toward implementation, justifying the description of "rapid launch plans."
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Terms & Concepts
- On-Chain Trading: The process of executing and recording trades directly on a blockchain network, ensuring transparency and immutability.
- Blockchain: A decentralized digital ledger that records transactions across multiple computers in a secure and tamper-resistant manner.
- Equities: Shares of ownership in a company, commonly referred to as stocks, which represent a claim on part of the company’s assets and earnings.