The SEC is preparing to let crypto platforms trade tokenized versions of US stocks, a policy shift that would blur the line between Wall Street and the blockchain.
The agency plans to unveil what it’s calling an “innovation exemption” in the coming weeks, effectively giving crypto firms a green light to offer digital tokens that mirror traditional equities.
The numbers tell the story
The market for retail-focused tokenized stocks has already exploded to over $6.4 billion in market capitalization as of mid-June 2026. For context, that figure was measured in “mere millions” at the end of 2024.
Coinbase is actively preparing to launch tokenized stock offerings within the US once the new regulations take effect. Robinhood and Kraken, meanwhile, haven’t been sitting around waiting for domestic permission. Both platforms already offer tokenized stock products to international clients.
