Canton Strategic Holdings’ CNTN becomes first tokenized US stock to trade under SEC exemption

The first on-chain trade of CNTN shares cleared about $30,296 on the Canton Network under the SEC's new Innovation Exemption Wall Street has spent years talking about putting stocks on a blockchain. On November 4, 2026, somebody finally did it under an official SEC framework. Canton Strategic Holdings, Inc. (NASDAQ: CNTN) became the first tokenized US stock to trade under the SEC’s Innovation Exemption. How the first trade worked The company announced the plan on October 29, 2026. It said it intended to offer its common stock as tokenized shares on a permissioned venue run by TSV LLC within the Canton Network. Six days later, the first trades went through. Five North sold approximately 14,461 CNTN shares to DRW Cumberland, with Flowdesk facilitating the deal. The trade ran through a Tradecraft Automated Market Maker (AMM) pool. Think of an AMM as a vending machine for assets. Instead of waiting for a matching buyer, the trade executes against a pool of liquidity priced by an algorithm. The total came to about $30,296, at a price of roughly $2.08 per share. Fairmint TA LLC, an SEC-registered on-chain transfer agent, handled issuance. It also maintains the official on-chain ownership...