TSV said DRW Cumberland bought tokenized shares of Nasdaq-listed Canton Strategic Holdings from existing shareholder Five North on November 4 under a US regulatory exemption. Fairmint, an SEC-registered transfer agent, recorded the shares in token form in a verified wallet. The transaction used a permissioned pool, so it did not make the shares available for open public trading.
The participants called it the first trade of its kind under the SEC’s innovation exemption, but that claim is theirs. The announcement does not establish the shares’ transfer restrictions, voting rights or handling of corporate actions, or show that the exemption applies to other tokenized securities.
