The SEC just greenlit tokenized stock trading on Nasdaq and NYSE.

Now they're going further.

A new exemption dropping this week lets crypto-native platforms like Coinbase offer onchain U.S. equity trading.

No full broker-dealer registration required.

24/7 trading. Faster settlement. Fractional ownership.

There's a catch. It's a pilot.

Time-limited.

And some tokenized stocks won't carry voting rights or dividends.

This is still the biggest regulatory shift for crypto and traditional finance merging.

Ever.