First Trades of Tokenized U.S. Equity under SEC Innovation Exemption Executed on the Canton Network

Mark Wendland, Chairman and CEO of Canton Strategic Holdings

“Last week we set out to be the first tokenized U.S. equity traded under the SEC's new framework. Today, the first trades are done”

Mark Wendland, Chairman and CEO of Canton Strategic Holdings

“Our shareholders on TSV keep the same rights they have on Nasdaq, and the Canton Network's privacy protects them from the MEV frontrunning and information leakage common on other public chains. Moreover, DRW Cumberland, Flowdesk, and Five North participating demonstrates institutional market readiness. With the framework for regulated, compliant, onshore tokenized equities enabled by the SEC's Innovation Exemption and the visionary work of TSV and Fairmint to build a venue on the Canton Network, issuers can maintain control of where and how their stock is tokenized.”

Ryan Trinkle, Co-Founder of TSV

“We set out to make our first listing the standard for how tokenized U.S. equities should work under the SEC's Innovation Exemption”

Ryan Trinkle, Co-Founder of TSV

“The token is issuer-sponsored and carries the same rights as the CNTN stock that trades on Nasdaq. Fairmint, an SEC-registered transfer agent, keeps the official record, and every holder is verified before they can hold or trade. On Tradecraft, approved investors can now trade at any hour, and shares and payment settle atomically on the Canton Network.”

Joris Delanoue, CEO and co-founder of Fairmint

“This is a landmark for U.S. equity markets: a Nasdaq-listed company's actual stock trading onchain, with shareholder rights intact and Fairmint maintaining the official ownership record”

Joris Delanoue, CEO and co-founder of Fairmint

“A blockchain can settle a trade, but it takes an accountable transfer agent to say who legally owns the share. Since we founded Fairmint, we've been building toward a market where equity is programmable and ownership moves with it. Today, we've put our infrastructure to work on the Canton Network with Canton Strategic Holdings and TSV. This trade opens a path for public companies to bring their shares onchain while retaining control.”

Reed Werbitt, U.S. CEO and Global CRO of Flowdesk

“The SEC has opened a path for U.S. listed securities to trade onchain. Our job is to make sure that path has reliable liquidity from the very first trade. Being among the first covered firms under the Innovation Exemption is exactly what we've been building toward.”

Yiannis Varelas, Founder and CEO of Five North

“Canton was built so institutions could move real assets on chain with confidence. Today a Nasdaq-listed company's shares were tokenized, held in Loop Wallet, and settled on the network within the SEC's new framework. We're proud Five North helped make the first trade happen.”