The U.S. Securities and Exchange Commission said three companies have notified the agency of plans to operate tokenized securities venues under a new innovation exemption policy, according to a post on X by a Fox Business crypto reporter. The list includes TSV LLC, which is owned by Obsidian Systems co-founders Ali Abrar and Ryan Trinkle and plans to operate on Canton Network. Trinkle also serves on the board of the Canton Foundation. Another applicant is OKXICE, a joint venture between OKX and ICE Markets that plans to run on OKX’s Ethereum layer-2 network, X Layer. The third is Kephas Corp., the U.S. subsidiary of Perpetuals.com, led by founder @PGruhnPDC, who previously headed FTX Europe. Its venue is planned for Kronos X Public, described as a public, permissionless layer-2 network that uses permissioned trading pools. The SEC said inclusion on the list does not mean any of the companies has met the conditions required for the innovation exemption.
The U.S. Securities and Exchange Commission has been notified by three companies that they plan to operate tokenized securities venues under a new innovation exemption policy, according to a post on X by a Fox Business crypto reporter.
Firms named in the SEC notice
TSV LLC is owned by Obsidian Systems co-founders Ali Abrar and Ryan Trinkle. Trinkle also serves on the board of the Canton Foundation. The venue is planned to run on Canton Network.
OKXICE is a joint venture between OKX and ICE Markets. It plans to operate on X Layer, OKX’s Ethereum layer-2 network.
Kephas Corp. is the U.S. subsidiary of Perpetuals.com and is led by founder @PGruhnPDC, who previously served as head of FTX Europe. Its platform is planned for Kronos X Public, described as a public, permissionless layer-2 network that uses permissioned trading pools.
SEC caveat
The SEC said being included on the list does not mean the companies have satisfied the conditions for the innovation exemption.
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