Regulation
Canton Coin Gets SEC Nod as Wall Street Tokenization Heats Up
The SECâs Division of Corporation Finance said it views Canton Coin as a âdigital commodityâ and wonât recommend enforcement over its programmatic minting. Staff cited Cantonâs representations that the token derives value from network operation and that the network has no central party. The relief follows DTCCâs launch of a tokenization service on Canton, which Morgan Stanley says itâs among the first banks to use. The blockchain behind Wall Streetâs newest tokenization service just got a regulatory nod for its native token. The SECâs Division of Corporation Finance said in a letter dated Tuesday that it views Canton Coin, the...
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