Financials

Perpetuals Announces Plans for Tokenized U.S. Stocks Under SEC Exemption

Perpetuals.com Ltd has announced plans to offer tokenized U.S. equities through its platform under a U.S. Securities and Exchange Commission exemption framework. The plans remain subject to a 30-day period and compliance with the exemption’s conditions.

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Perpetuals.com Ltd (NASDAQ:PDC) has announced plans to offer tokenized U.S. equities through its platform under the U.S. Securities and Exchange Commission’s five-year Innovation Exemption framework for onchain trading of National Market System stocks. The proposed expansion remains subject to regulatory requirements, including the applicable 30-day period and compliance with the exemption’s conditions.

#SEC notice and proposed offering

The company’s announcement is linked to a notice of its intention to rely on the SEC’s temporary exemption for Tokenized Securities Venues. Perpetuals said a notice would be posted on its website on or about October 14, 2026.

Perpetuals identified regulatory developments, technical implementation, market conditions and user adoption as factors that could affect the plans. The company also said the applicable 30-day period following publication of the Tokenized Securities Venue Notice and compliance with SEC exemption conditions remain relevant to the initiative.

#How the tokenized equities would operate

Perpetuals said tokenized equities would support 24/7 trading, near-instant settlement and fractional ownership using blockchain infrastructure. According to the company, users would retain full dividend and voting rights.

The planned U.S. activity would build on Perpetuals’s existing European tokenization platform. The company describes its business as combining regulated trading infrastructure with artificial intelligence.

#Previous tokenization activity

Perpetuals said its recent SEC filing follows an agreement to tokenize more than $300 million in real-world physical commodities. The company did not provide further terms of that agreement in the material announcing the U.S. stock plans.

The company also said its founding team created the world’s first regulatory-approved tokenized stocks in 2021. Perpetuals said that work enabled platforms including Binance, FTX and Bittrex to offer 24/7 stock trading and supported pre-IPO contracts for Coinbase, Airbnb and Robinhood.

#Management comments and company background

Patrick Gruhn, Perpetuals’s CEO, said the team’s previous work in tokenization would support the company’s expansion into the U.S. and its use of the platform and related expertise.

Perpetuals says it pairs proprietary artificial intelligence with regulated market infrastructure for financial platforms and individual users. Its technology is used by PM MTF Ltd, an EU-licensed Perpetual Markets Multilateral Trading Facility operating under MiFID II, MiCA, DORA and EMIR compliance.

#Conditions attached to the plans

Perpetuals’s statements about the tokenized U.S. stock offering are forward-looking. The company cautioned that actual results could differ because of regulatory, technical, market, adoption, business, economic, competitive, political and social uncertainties. It also said the plans depend on the applicable 30-day period and adherence to the SEC exemption conditions.

#Key Takeaways

  • Perpetuals.com Ltd has announced plans to offer tokenized U.S. equities on its platform.
  • The company intends to rely on the SEC’s five-year Innovation Exemption framework and its temporary exemption for Tokenized Securities Venues.
  • The plans remain subject to the applicable 30-day period and compliance with SEC exemption conditions.
  • Perpetuals said the proposed service could provide 24/7 trading, near-instant settlement and fractional ownership while retaining dividend and voting rights.
  • The initiative follows the company’s stated European tokenization activity and an agreement involving more than $300 million in physical commodities.

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