Update
Perpetuals.com Pursues U.S. Tokenized Stock Marketplace
Nasdaq-listed fintech company Perpetuals.com, led by former FTX Europe executive Patrick Gruhn, plans to operate a tokenized securities venue under the SEC's new 'innovation exemption.' This exemption allows certain marketplaces to trade U.S. stocks on public blockchains without registering as traditional exchanges. Perpetuals.com is the second company to pursue a marketplace under the exemption, following OKXICE, a joint venture between crypto exchange OKX and NYSE parent Intercontinental Exchange (ICE). The move marks a return to tokenized equities for Gruhn and his team, who previously worked on early stock-linked tokens for exchanges like Binance and FTX.