SEC Clears Path For Tokenized Stock Trading. These Stocks Rally.

The Securities and Exchange Commission issued a rule Thursday that clears the way for tokenized stocks, a system that greatly expands equity trading. Robinhood (HOOD) and blockchain stocks rose. Albeit temporary, the SEC rule sets up authorized venues to offer tokenized stocks traded through blockchains, the digital ledgers currently used in crypto trading. Breaking away from traditional exchanges, tokenized equities…