24/7 Tokenized Stocks on Canton.
Trade, provide liquidity, and bring eligible stocks onchain.
TSV LLC intends to operate a venue where verified buyers and sellers interact through automated market maker liquidity pools on Canton, in reliance on the temporary conditional exemptive relief granted by the U.S. Securities and Exchange Commission in Release No. 34-106402.
TSV LLC
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What is a Tokenized Securities Venue?
A Tokenized Securities Venue (TSV) is an organization that brings together buyers and sellers of tokenized NMS stock by providing automated market maker liquidity pools for permissioned participants and by setting standards for who may access trading on those pools.
Tokenized NMS stocks
Digital representations of U.S. national market system equities that, to be eligible for trading, must provide holders the same rights and privileges as conventional stock of the equivalent class.
Continuous, around-the-clock trading
Liquidity pools price trades from the ratio of committed assets, allowing participants to trade at any hour with near-instantaneous, atomic settlement on Canton.
Subject to required trading stoppages, maintenance, and risk controls.
Permissioned, verified access
Participation requires identity verification and sanctions screening, with participant and wallet permissioning enforced before any trading interest can be entered.
Ways to participate
Whether you issue or administer tokenized securities, trade them, or provide the liquidity that powers their markets, the venue is built for you.
Issuers and transfer agents
Make eligible tokenized NMS stock available for trading on a purpose-built venue, with permissioned access, public transaction data, and regulatory transparency handled from day one.
Traders
Verify your identity, connect a wallet, and buy or sell tokenized NMS stocks at any hour through a simple web interface, with near-instant atomic settlement on Canton.
Liquidity providers
Commit assets to automated market maker liquidity pools and earn a share of each pool's trading fees, with withdrawals governed by the applicable pool rules.
Broker-dealers
Offer clients access to tokenized NMS stocks. Registered broker-dealers can access the venue on behalf of clients, with onboarding and wallet permissioning appropriate to intermediated access.
Developers
Build on the venue through APIs and programmatic integrations, or interact directly with its public smart contracts on Canton.
Institutions and prop traders
Trade at scale with API access, role-based functionality, and eligibility criteria appropriate to institutional and proprietary trading firms.
Subject to TSV volume caps.
Operating under SEC Release No. 34-106402
On September 17, 2026, the Commission granted temporary, conditional exemptive relief from the definition of "exchange" under Section 3(a)(1) of the Securities Exchange Act of 1934 for TSVs, and from the definition of "dealer" for certain liquidity providers. TSV LLC intends to operate in reliance on, and in compliance with the conditions of, that relief.
| Tier | Constituents | Maximum symbols | Volume limit |
|---|---|---|---|
| Tier 1 | LULD Tier 1 stocks: S&P 500, Russell 1000, and eligible ETPs | 75 | 0.25% of the prior month's average daily share volume of the underlying stock, as reported by an effective transaction reporting plan |
| Tier 2 | All other eligible NMS stocks; rights and warrants excluded from TSV eligibility | 250 | 2.5% of the prior month's average daily share volume of the underlying stock, as reported by an effective transaction reporting plan |
The first volume-threshold breach for a particular Tokenized NMS Stock does not require a trading pause. A subsequent breach in that stock requires an immediate three-month pause. TSV LLC will notify participants of any applicable pause and amend its public Notice as required.
Transparency commitment. Every version of our public notice, current and historical, is maintained on this website. U.S. dollar-denominated transaction data for all trades will be freely available in machine-readable form, updated within ten minutes of execution.
Reach the venue operator
Questions about this notice, participation, or issuer matters can be directed to:
General
contact@tokenizedstockvenue.com
Complaints and dispute reports may also be submitted to this address.