Nasdaq-listed BTCS said its DeFi business line, Imperium, has completed the compliance preparations needed to provide liquidity for tokenized stocks under the U.S. Securities and Exchange Commission’s "Covered Firm" exemption. According to the company, that work included filing a notice with the SEC, publishing the required website disclosures, and completing statutory disqualification checks on the company and its affiliates. BTCS also pointed to an SEC exemptive order issued on Sept. 17, which provides a temporary and conditional exemption from the dealer definition for firms supplying liquidity in automated market maker, or AMM, pools on qualified tokenized securities venues, or TSVs. The company said Imperium has not yet started providing tokenized stock liquidity. It added that the business can only begin under the exemption once a qualified TSV is operational. BTCS also said the announcement does not include any launch date or capital commitment.
Nasdaq-listed BTCS said on X that its DeFi business line, Imperium, has completed the compliance preparations required to provide liquidity for tokenized stocks under the U.S. Securities and Exchange Commission’s "Covered Firm" exemption.
BTCS said those preparations included submitting a notice to the SEC, publishing related disclosures on its website, and completing statutory disqualification reviews covering the company and its affiliates.
SEC order issued on Sept. 17
According to BTCS, an exemptive order issued by the SEC on Sept. 17 provides a temporary and conditional exemption from the dealer definition for firms that provide liquidity in automated market maker, or AMM, pools on qualified tokenized securities venues, or TSVs.
Imperium has not started providing liquidity yet
BTCS said Imperium has not yet begun providing tokenized stock liquidity. The company said it can only operate under that exemption after a qualified TSV becomes operational.
BTCS also said the announcement does not include a launch timeline or any capital commitment.
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