Securitize jumps after regulators greenlight some tokenized U.S. stock trading

Securitize surged Thursday after federal regulators greenlit the issuing of tokenized stocks on some trading platforms in the U.S. The tokenization name was last up 14%. At its peak, it was up 24%. The Securities and Exchange Commission earlier in the day announced a temporary path for the limited trading of tokenized publicly traded U.S. stocks . The order, though not a formal regulation change, will remain in force for five years. "The Innovation Exemption is designed to resolve challenges that have prevented responsible innovation from taking root in the United States while providing investor protections and market integrity standards," SEC Chair Paul Atkins said in a statement.