SEC Opens Innovation Exemption for Tokenized Securities as Managers Go Onchain
Today’s Focus
The SEC launched its Innovation Exemption, giving tokenized securities a clear path onchain while sharply distinguishing real ownership from synthetic products. Asset managers are stepping up onchain cash management as State Street and Galaxy bring the SWEEP fund to Stellar and Ondo bids on Sky’s roughly $1 billion tokenization pool.
Industry Wire
10 items
SEC Innovation Exemption Paves Way for Tokenized Securities — issuers can offer tokens carrying the real rights of the underlying security, clearing key uncertainty for regulated venues trading tokenized stocks.
State Street x Galaxy SWEEP Goes Live on Stellar — the tokenized private liquidity fund now supports 24/7 subscriptions and redemptions in PYUSD and USDC, with a $5 million minimum.
Solana Hits Two Milestones — Metaplex released the MPL-3643 permissioned securities standard, and Solana ETFs logged a record $188 million weekly inflow, taking cumulative net inflows to $1.599 billion.
Ondo Bids on Sky’s ~$1B Tokenization Pool — teaming with BlackRock and Securitize on OUSG with 24/7 subscriptions and a $25 million daily cap.
Ondo Joins DTCC Fund/SERV — Oasis Pro Markets becomes the first tokenization platform in the US fund clearing system, bridging into legacy settlement plumbing.
RWA Perp DEX Volume Hits $365B in Q3 — up 32% quarter over quarter, with tokenized stocks near 48% and the largest RWA derivatives category.
Avalanche Adds $266M RWA Cap in 30 Days, Leading All Chains — outpacing BNB Chain and Robinhood Chain combined, with total market cap near $1.7 billion and Securitize driving about half.
BNB Chain Passes Ethereum and Solana in RWA Holders — 1.88 million addresses, with tokenized stocks adding 570,000 holders in a single week.
Binance Research: RWA Market at $34.18B — up 85.2% year to date, with tokenized equities surging 390.4% while bonds and money market funds stay the largest category.
CFTC Updates Tokenization Guidance — clarifying that client funds can back tokenized forms of permitted assets and that regulated firms may use blockchain recordkeeping.
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