SEC exemption boosts issuer-backed tokenized stocks, not Backpack

After the SEC recently announced an innovation exemption related to tokenized stocks, tokens in the tokenized-stock ecosystem saw sharp gains.

In reality, the platforms that are directly related are limited to those that use issuer-sponsored and custodial models, and most platforms whose tokens rallied will not see direct benefits.

That said, I can’t really complain about token prices rising simply because regulators signaled a positive stance toward tokenized stocks.

However, even well-known KOLs on global CT are spreading a lot of incorrect information, claiming that Backpack’s tokenized stocks are direct beneficiaries of the SEC’s move.

To set the record straight, I put together a brief tweet on which platforms are actually direct beneficiaries of the SEC’s innovation exemption.

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