The market is live
Tokenized stocks.
On Canton.
A venue for trading eligible tokenized U.S. stocks.
TSV is live on Canton. Verified participants trade tokenized stocks through liquidity pools run by automated market maker (AMM) software.
Trading is available to approved participants. Participation is subject to eligibility and the terms in our public notice.
Venue model
TSV LLC
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How it works
Tokenized stocks are digital representations of shares. To qualify for trading on TSV, they must give holders the same rights and privileges as conventional shares of the same class.
Smart contracts handle trading and settlement. The public notice describes who can participate and the rules that apply.
Designed for 24/7 availability
The venue is designed to be available around the clock, including outside regular stock exchange hours.
Subject to trading stoppages, maintenance, risk controls, and trading-volume limits.
Atomic settlement on Canton
Settlement is designed so both sides of a trade transfer together. If either transfer cannot complete, neither does.
Verified access
Participants and their wallets must be approved before trading. Checks include identity verification and sanctions screening. Smart contracts and restrictions on token transfers enforce these access rules.
Who can participate
We welcome inquiries from traders, liquidity providers, issuers, and transfer agents. Contact us to discuss participation requirements.
Trade tokenized stocks
Individual investors, institutions, proprietary trading firms, and registered broker-dealers can ask about trading eligible tokenized stocks through AMM liquidity pools. Eligible participants can trade directly or, where supported, through a broker-dealer or another eligible intermediary.
Trading is available to approved participants. Access requires identity verification and eligibility approval.
Provide liquidity
Liquidity providers contribute eligible assets to pools within price ranges they choose. This is called concentrated liquidity. Providers receive a share of the pool's trading fees, with fee terms disclosed before the relevant transaction. Withdrawals follow the applicable pool rules.
Liquidity providers must enter a pool participation agreement and remain responsible for their regulatory status. Liquidity provision involves risk, including impermanent loss.
Issuers and transfer agents
Contact us about making eligible shares available for trading on TSV. The company's transfer agent must tokenize the shares with the company's authorization. Before allowing trading, TSV reviews shareholder rights, including dividend and voting rights where applicable.
The stock must meet eligibility requirements and preserve equivalent shareholder rights. The venue does not conduct primary offerings or raise capital for issuers.
Read participation requirements
For API and integration discussions, contact the team. The notice describes the interfaces and smart contracts.
Public notice and exemption
TSV LLC operates pursuant to the temporary, conditional exemptive relief in SEC Release No. 34-106402. TSV LLC is not registered with the SEC for activities under this exemption, and the SEC has not approved or endorsed TSV LLC or those activities.
The venue is live. Operations remain subject to the applicable conditions of the exemption.
Trading and liquidity provision involve risks, including price divergence, low liquidity, smart-contract failures, and impermanent loss. Read the material risks before participating.
Trading limits and transparency under the exemption
| 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. Access the public trading data feed and field guide for machine-readable transaction reports and the ten-minute reporting requirement under Section II.G.
Contact TSV
Tell us what you want to do and any questions you have about participation or integration.
General
contact@tokenizedstockvenue.com
Complaints and dispute reports may also be submitted to this address.