SEC Staff Gives Canton Coin No-Action Relief, but the Conditions Matter
TL;DR: Canton Coin received an important piece of US regulatory clarity on November 3 when staff in the Securities and Exchange Commission's Division of Corporation Finance issued a no-action response. The staff said, based on representations made to it, that Canton Coin fits the description of a digital commodity in the Commission's March interpretation. Canton…
Canton Hosts Tokenized US Share Trade Under SEC Innovation Exemption
TL;DR: A tokenized share transaction involving a Nasdaq-listed company has taken place on Canton under a US regulatory exemption, according to an announcement from venue operator TSV. The November 4 transaction involved shares of Canton Strategic Holdings and a permissioned pool using Tradecraft's automated market maker technology. A tokenized share transaction involving a Nasdaq-listed company…
EDX Markets Adds Bitcoin-Backed CBTC Trading for Canton Institutions
TL;DR: EDX Markets says it has partnered with BitSafe to introduce spot trading in CBTC, a Bitcoin-backed asset built for the Canton Network. The November 5 announcement describes the token's first centralized-exchange listing and an institutional marketplace where eligible clients can trade CBTC against US dollars. EDX Markets says it has partnered with BitSafe to…