Regulation
SEC staff calls Canton Coin a digital commodity in a no-action letter on its issuance
SEC staff said it would not recommend enforcement action over Canton Coin's issuance without securities registration, provided the tokens are created under the conditions Canton described, and said it views the token as a digital commodity. Canton is one of the networks DTCC's tokenization service runs on. The letter is a staff position, not a binding ruling.
Sources
The Migration by Concrete tracks traditional finance moving on-chain, reading every token directly from public blockchains. See all our counts.
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