Canton Coin Gets SEC Nod as Wall Street Tokenization Heats Up
Summary
SEC staff said Canton Coin is a digital commodity and would not recommend enforcement against validators and application providers for programmatically minting it without registration. The position relies on claims that the token’s value comes from network operations and supply and demand, and that Canton has no central party. It is limited to enforcement discretion, is not a legal conclusion, and depends on the facts presented. The announcement follows DTCC’s launch of a tokenization service on Canton and its private network, which Morgan Stanley has begun using.
