Bullish
Uniswap's UNI token surges 28% to $8.76 after SEC approves tokenized stock trading
Uniswap's UNI token experienced a significant rally, climbing 28% to $8.76, following the U.S. Securities and Exchange Commission's (SEC) approval of a framework for trading tokenized U.S. stocks through permissioned automated market makers (AMMs). This development positions Uniswap to capitalize on the growing market for tokenized equities.
Key points
- SEC's Innovation Exemption allows trading of tokenized stocks via permissioned AMMs for five years.
- Uniswap's v4 infrastructure supports Permissioned Pools, aligning with the SEC's new framework.
- Uniswap v4 has been handling a significant share of tokenized-stock activity on Robinhood Chain.
Sources
AI-generated from public news sources. Not financial advice.
