Overview

• Major platforms including Robinhood and Kraken have launched live markets for blockchain-based versions of U.S. stocks and private company equity.
• Coinbase has petitioned the SEC for permission to introduce tokenized stock trading in the U.S. after filing for approval in June.
• Securities and Exchange Commission Chair Paul Atkins has called for a focus on market innovation while Commissioner Hester Peirce cautioned firms to meet federal disclosure requirements.
• Wall Street giants BlackRock and Franklin Templeton are offering tokenized money market funds as institutional demand for digital asset products grows.
• OpenAI and other private firms have publicly disavowed unauthorized token issuances and warned investors that transfers require company approval.