Ex-FTX Europe chief's Perpetuals.com targets US tokenized stock trading
Nasdaq-listed Perpetuals.com is seeking to build a US tokenized stock marketplace under a new SEC exemption, the second firm to try after OKX and ICE.
Perpetuals.com, a Nasdaq-listed company run by the former head of FTX Europe, is pursuing a US marketplace for tokenized stocks under a new Securities and Exchange Commission exemption, according to CoinDesk.
It is the second company known to be taking that route. OKX and ICE, the parent of the New York Stock Exchange, are pursuing a tokenized stock marketplace through a joint venture under the same framework.
Key details reported
- Perpetuals.com is publicly listed on Nasdaq
- It is led by the former chief of FTX Europe
- It is seeking a US tokenized stock marketplace via an SEC exemption
- OKX and ICE's joint venture is pursuing a similar effort under the same framework
Tokenized equities are blockchain-based representations of shares in public companies, a category that has attracted interest from both crypto platforms and established exchange operators. The SEC's approach to such products is still taking shape, and the reported plans do not yet have a disclosed timeline or approval.