Securitize ($SECZ) supports SEC 5-year exemption... proposes token transfer restrictions

Securitize ($SECZ) has endorsed the SEC's conditional five-year exemption for tokenized securities trading venues while proposing that receiving wallets verify investor eligibility even after tokens leave a trading venue. In its comment letter filed with the SEC, the company argued the exemption should serve as a pathway to test diverse market models rather than merely as relief for its own services. The SEC granted the temporary, conditional exemption on September 17 to qualifying tokenized-securities venues and certain liquidity providers, carving them out of the Securities Exchange Act's "exchange" and "dealer" definitions. The outcome matters because it could shape how tokenized equities trade and transfer under U.S. securities law. What to watch next is whether the SEC adopts Securitize's wallet-eligibility condition and how the exemption's scope is finalized.