Bilal bin Saqib: SEC names three tokenised securities venue applicants under innovation exemption

Bilal bin Saqib: SEC names three tokenised securities venue applicants under innovation exemption
SEC lists three tokenised securities venues

The U.S. Securities and Exchange Commission (SEC) has listed three firms planning tokenised securities venues under its innovation exemption.

Bilal bin Saqib pointed out that the approaches of these firms vary significantly, highlighting a permissioned network, an exchange-run Layer 2, and a permissionless chain with permissioned trading pools.

Bilal bin Saqib has previously commented on developments in global market structures. He examined how economic frameworks are expanding to address AI and digital governance in a recent analysis. Saqib also noted that JPMorgan now includes Bitcoin in its 2026 forecasts after labeling it a fraud in 2017, as detailed in an earlier report.

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