The proposal hinges on a mandatory 30-day notice period following the publication of the company’s venue notice. CEO Patrick Gruhn noted the expansion builds on the firm’s previous experience with tokenization, including work on products previously hosted by major exchanges like Binance and FTX. By utilizing the SEC’s temporary relief for Tokenized Securities Venues, Perpetuals aims to bypass traditional exchange definitions while adhering to strict requirements for auditable smart contracts on public blockchains.
In section Cryptocurrency
Perpetuals Targets US Stock Market via SEC Innovation Exemption
Perpetuals.com is moving to offer tokenized U.S. equities, leveraging a five-year SEC innovation framework to bring blockchain-based trading to domestic investors. The company intends to maintain full dividend and voting rights for token holders, aiming to replicate the benefits of conventional share ownership within a digital, round-the-clock environment.
Regulatory compliance remains central to the rollout. The SEC framework mandates that tokenized shares mirror the rights of underlying assets, including voting and dividend privileges. Trading must also synchronize with primary exchange halts, preventing continuous operation during market closures. Furthermore, the platform must notify issuers of any third-party tokenized shares, providing them a window to object. These steps are designed to bridge the gap between legacy equity markets and decentralized infrastructure, following the company’s recent move to tokenize over $300 million in physical commodities through an agreement with Datavault AI.
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