SEC Prepares Innovation Exemption to Allow 24/7 Blockchain Trading of US Stocks as Crypto.com Launches Tokenized Derivatives

The SEC is preparing to unveil what it calls an innovation exemption that would allow digital versions of US securities to trade on blockchain-based platforms around the clock, a move that could fundamentally reshape American equity markets. The regulator announced an open meeting for Friday to create a tailored offering regime for certain investment contracts involving crypto assets, with the broader exemption expected to follow shortly after. The development comes as the tokenized stock market has already grown 600% over the past year to reach $2.49 billion in total value, according to RWA.xyz data.

Crypto.com moved quickly to capitalize on the moment, launching tokenized derivatives that track 1,500 US stocks and ETFs, with positions available from as little as $1 and continuous 24-hour trading. The products are issued by Foris Capital CY Limited and provide synthetic price exposure to the underlying assets. Separately, broader crypto markets gained on the day after July CPI came in matching expectations, easing inflation concerns: Bitcoin rose 0.6% to $64,051, Ethereum gained 1.5% to $1,909, Solana added 0.8%, and XRP edged up 0.2%.

XRP also faced a separate security incident in which a bridge flaw allowed an attacker to submit fake deposits, causing 17 of 28 relayers to approve payouts based on false internal records; nearly 200,000 XRP worth roughly $200,000 were drained before the bridge was halted, patched, and blockchain forensics specialists were brought in.