SEC lists 3 planned tokenized securities platforms; HSBC launches RedCoin
The SEC listed 3 companies planning tokenized securities platforms, while cautioning that listing does not establish compliance with exemption conditions. HSBC launched its Hong Kong dollar stablecoin RedCoin through PayMe.
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The U.S. Securities and Exchange Commission listed 3 companies that notified it of plans to operate tokenized securities trading platforms under its Innovation Exemption. The SEC said inclusion does not mean the companies have met the exemption conditions.
TSV LLC plans to use Canton Network. OKXICE TSV, a joint venture between OKX and ICE, plans to operate on OKX's X Layer network. Kephas Corp., the U.S. subsidiary of Perpetuals.com, plans to use Kronos X Public with permissioned trading pools.
In Hong Kong, HSBC launched its Hong Kong dollar stablecoin RedCoin through PayMe. Wallet access for person-to-person and person-to-merchant payments was expected to follow in the coming days.
