Regulation
Canton Coin Gets SEC Nod as Wall Street Tokenization Heats Up
The SEC’s Division of Corporation Finance said it views Canton Coin as a “digital commodity” and won’t recommend enforcement over its programmatic minting. Staff cited Canton’s representations that the token derives value from network operation and that the network has no central party. The relief follows DTCC’s launch of a tokenization service on Canton, which Morgan Stanley says it’s among the first banks to use. The blockchain behind Wall Street’s newest tokenization service just got a regulatory nod for its native token. The SEC’s Division of Corporation Finance said in a letter dated Tuesday that it views Canton Coin, the...
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