Canton Strategic executes first tokenized U.S. stock trades under SEC exemption

Canton Strategic Holdings (NASDAQ: CNTN) has completed the first trades of its issuer-sponsored tokenized common stock on the Canton Network under the U.S. Securities and Exchange Commission’s September 17 Innovation Exemption. Summary Canton Strategic Holdings (NASDAQ: CNTN) announced the first trades of its issuer-sponsored tokenized common stock on the Canton Network on November 4. Five North sold the tokenized shares, DRW Cumberland purchased them, and Flowdesk provided liquidity through Tradecraft’s permissioned trading pool. Fairmint, an SEC-registered transfer agent, maintains the ownership register, while participating investors must complete identity verification and sanctions screening. The transactions took place under the SEC’s September 17 Innovation Exemption, which permits limited tokenized U.S. stock trading under specific conditions. Canton Coin (CC) was trading near $0.10 on November 5, up approximately 4% over 24 hours, according to market data. The company confirmed the November 4 transactions in an announcement shared with crypto.news, identifying Five North as the seller, DRW Cumberland as the buyer and Flowdesk as the liquidity provider. Trading took place on...