A transaction involving tokenized Nasdaq-listed shares was completed on Canton on November 4, according to venue operator TSV, under an SEC innovation exemption. DRW Cumberland bought tokenized common shares of Canton Strategic Holdings from existing shareholder Five North, with SEC-registered transfer agent Fairmint recording the shares in token form in a verified wallet and Flowdesk providing liquidity. The parties described the deal as the first transaction of its kind, a claim that must be attributed to them. The trade took place in a permissioned pool and was designed to connect the tokens with the legal ownership register, without opening tokenized share trading to the public. It therefore does not demonstrate a general SEC deregulation of tokenized securities.
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