The regulator established temporary exemptions for venues and market makers trading tokenized equities, bypassing stalled congressional legislation.

The SEC has proposed a modernized crypto custody framework for investment advisers while granting conditional regulatory relief for onchain tokenized stock trading, as global regulators target stablecoins and decentralized finance.

The SEC granted tokenized securities venues a five-year exemption from exchange rules, opening US markets to onchain stock trading.

Solmate, formerly Brera Holdings PLC, has signed a nonbinding term sheet to acquire RockawayX, a deal that would shift the Abu Dhabi–based Solana company from a passive digital-asset treasury to a unified platform offering infrastructure, liquidity and asset-management services. According to Thursday’s announcement, the all-stock deal would see Solmate acquire all of RockawayX’s operations, including its validator infrastructure and onchain liquidity business, as well as its venture and credit funds, creating a combined entity with more than $2 billion in assets under management. 

The U.S. Stock Market Moves Onchain

The SEC’s tokenized-stock exemption tests rights, smart contracts, volume caps, trading halts and disclosures—not just putting equities onchain.

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What Are xStocks? How Tokenized Stocks Are Bringing Wall Street Onchain For years, cryptocurrency and the stock market existed as two largely separate fina

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