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First tokenized U.S. stock trades under SEC's new venue exemption

Powers TSV's permissioned trading pool

On Nov. 4, trading firm DRW Cumberland bought tokenized shares of Canton Strategic Holdings (Nasdaq: CNTN) from existing holder Five North through a permissioned pool on Tradecraft, the automated market maker that powers venue operator TSV LLC. Fairmint, CNTN's SEC-registered transfer agent, recorded the shares in token form in Five North's wallet. The first purchases totaled about $30,296.

Updated 7 hours ago