Perpetuals plans tokenized US stocks under SEC innovation exemption

Perpetuals.com has announced plans to offer tokenized U.S. stocks through the SEC’s five-year Innovation Exemption, with its proposed launch subject to a 30-day notice period and compliance with the framework’s conditions. Summary Perpetuals plans to offer blockchain-based U.S. equities while retaining dividend and voting rights. The company says its launch depends on notice requirements, regulatory conditions, and technical implementation. SEC rules require qualifying stock tokens to provide rights matching the underlying conventional shares. The proposed offering follows an agreement to tokenize more than $300 million in physical commodities. Perpetuals.com Ltd, which trades on Nasdaq under the ticker PDC, said in its Oct. 14 announcement that it intends to use the Securities and Exchange Commission’s temporary exemption for Tokenized Securities Venues. According to the release, the announcement accompanies publication of a notice stating the company’s intention to rely on the framework. In the release’s forward-looking disclosures, the company identified completion of the applicable 30-day period after publication of its venue notice as a condition of the plan. Perpetuals also l...