Texture Capital Secures Approval for Tokenized U.S. Stock Platform SoloTex
SoloTex, the platform built by Texture Capital and Sologenic, has secured FINRA fast-track approval to offer U.S. retail users genuine on-chain stock ownership, enabling tokenized equities trading.
Summary
Texture Capital and Sologenic have launched SoloTex, a platform for tokenizing U.S. stocks, which has received fast-track approval from FINRA. This platform will allow U.S. retail users to own and trade tokenized stocks on-chain, offering a compliant solution for equity trading and settlement.
Terms & Concepts
- Tokenized Stocks: Digital representations of traditional equities issued on a blockchain, allowing fractional ownership and on-chain trading.
- Broker-Dealer: A person or firm registered to buy and sell securities on behalf of clients and for its own account, often regulated by agencies like the SEC and FINRA.