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Synthetic vs. Direct Tokenized Stocks: Who Wins After The SEC Exemption?
The SEC's exemption for tokenized equities has reopened the question every issuer has been working around: should a tokenized stock be a synthetic instrument that tracks the price, or a direct claim on the underlying share?
Why it matters
Policy text and timing change what products can ship and who can custody or list assets. Read the primary draft before treating a headline as a rule.
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