What Are Tokenized Stocks? How Blockchain-Based Shares Work

Tokenized stocks are digital tokens that represent shares of public companies. They trade on a blockchain, the same type of ledger that supports cryptocurrencies. Until recently, they were mostly a product for investors outside the United States. That is starting to change. In September 2026, the U.S. Securities and Exchange Commission (SEC) issued two five-year innovation exemptions that open a path for tokenized stock trading in the U.S. Early October brought new filings from exchange operators and crypto firms. This article looks at the numbers behind the market.

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