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    SEC Issues “Innovation Exemption” for Tokenized Securities governance corpgov.law.harvard.edu
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Summary On September 17, 2026, the Securities and Exchange Commission issued two five-year, conditional exemptions to facilitate the permissioned trading of “Tokenized NMS Stock” through automated market makers (“AMMs”) and liquidity pools (together, “AMM Liquidity Pools”): an exemption from the definition of “exchange” for Tokenized Securities Venues (“TSVs”); and an exemption from the definition of […]

Source: Harvard Law School Forum on Corporate Governance

Published: 2026-09-25T11:32:01Z