SEC conditionally clears onchain tokenized stock trading as CFTC expands

By Michael FawnThe SEC issued a conditional five-year exemption on September 17, 2026, permitting tokenized NMS stock trading on permissioned AMMs. S. Securities and Exchange Commission (SEC) on Thursday, September 17, 2026, issued a conditional five-year exemption permitting tokenized National Market System (NMS) stocks to trade on permissioned automated market makers (AMMs).This move significantly advances the landscape for tokenized NMS stock trading. Simultaneously, the Commodity Futures Tra