Why your tokenized stock could stop trading for three months

Buying a tokenized stock sounds as though it should be simple. You pick a company you know, buy a token representing its shares, and hold it in a digital wallet. The appeal is familiar stock investing with some of the convenience of crypto, potentially including trading beyond the hours of a traditional exchange.Then you encounter a rule saying trading might have to stop for three months, and the idea of always-available stocks needs a little more explanation.The pause is part of the SEC's Sept. 17 framework for experimental Tokenized Securities Venues, or TSVs. Repeat breaches of a stock's trading volume limit trigger it. It applies to that stock on the exchange and its affiliates, rather than to every version of that tokenized stock everywhere.That distinction is a good place to start understanding the whole product. Owning a token, owning the rights attached to a share, and having somewhere to sell it are three related things that an app can make look like one.Same company, different ways to own itStocks are already largely digital. Buying a share through a broker usually gives you an electronic record of ownership through a chain of financial institutions. Tokenization introduc...