Perpetuals Moves to Offer Tokenized U.S. Stocks Under SEC Innovation Exemption

The planned U.S. expansion follows a recent agreement to tokenize more than $300 million in physical commodities.

Rhea-AI Summary

Perpetuals.com (PDC) announced plans to offer tokenized U.S. equities on its platform using the SEC's five-year Innovation Exemption framework.

The company published a notice of intent to rely on the temporary exemption for Tokenized Securities Venues; this is a planned offering, not an announced launch. The U.S. expansion builds on its existing European tokenization platform. Perpetuals says tokenized equities enable round-the-clock trading, near-instant settlement and fractional ownership while preserving users' dividend and voting rights.

2 points · 1 major

PositiveiHow this balance works

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0 major · 1 point

Hollow bars mark forward-looking points. How the balance works

Positive

• Major pointRecent tokenization agreement covers more than $300 million in real-world physical commodities. 12× market cap
• Moderate point. Forward-looking: it has not happened yet and may not happen.Planned U.S. equities offering would expand the company's existing European tokenization business.

Negative

• Moderate point. Forward-looking: it has not happened yet and may not happen.Temporary five-year exemption is the framework the company intends to rely on for U.S. tokenized equities.

Key Figures

Innovation Exemption duration: five years

Innovation Exemption duration

five years

SEC framework for onchain trading of National Market System stocks

Key Terms

mifid ii, mica, dora, emir, +1 more

5 terms

mifid ii regulatory

"operates under full MiFID II, MiCA, DORA, and EMIR compliance"

MiFID II is a set of rules in Europe that aims to make financial markets more transparent and fair. It requires banks and investment firms to clearly explain their services and costs to clients, helping people make better-informed decisions when investing their money.

mica regulatory

"operates under full MiFID II, MiCA, DORA, and EMIR compliance"

Mica is a naturally occurring group of minerals that split into thin, shiny sheets and is used as an insulating material and filler in products such as electronics, cosmetics, paints and construction materials. Investors care because mica is a key input whose supply, quality and price affect manufacturing costs and product performance, and because its mining and sourcing carry environmental and ethical risks that can impact company reputations and valuations—like a single critical ingredient changing a recipe’s outcome.

dora regulatory

"operates under full MiFID II, MiCA, DORA, and EMIR compliance"

The EU Digital Operational Resilience Act (DORA) is a law that requires banks, asset managers, insurers and other financial firms to strengthen how they prevent, detect and report problems with information technology and third‑party service providers. It matters to investors because it raises standards for cybersecurity and incident disclosure, which can change a firm’s costs, reduce unexpected outages or losses, and make operational risks easier to compare—like forcing buildings to meet safety codes so occupants and insurers can better judge risk.

emir regulatory

"operates under full MiFID II, MiCA, DORA, and EMIR compliance"

A set of European rules that forces firms to record, report and manage the risks of complex financial contracts called derivatives, making private deals more visible and safer. For investors, EMIR matters because it reduces the chance a trading partner will fail unexpectedly and increases market transparency, similar to how safety checks and public logs make a busy bridge or building less risky for everyone.

multilateral trading facility regulatory

"the EU-licensed Perpetual Markets Multilateral Trading Facility (MTF)"

A multilateral trading facility (MTF) is an organized electronic venue where multiple buyers and sellers can trade financial instruments like stocks, bonds or derivatives, run by a firm other than a national stock exchange. Think of it as an alternative marketplace or online auction house that matches orders from many participants; it matters to investors because MTFs can offer different pricing, faster execution, lower costs or access to trading hours and instruments that traditional exchanges may not provide.

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SAN FRANCISCO, CA / ACCESS Newswire / October 14, 2026 / Perpetuals.com Ltd (NASDAQ:PDC), a financial technology company combining regulated trading infrastructure and artificial intelligence, today announced plans to offer tokenized U.S. equities on its platform, utilizing the U.S. Securities and Exchange Commission's (SEC) new five-year Innovation Exemption framework for onchain trading of National Market System stocks. The announcement comes in connection with the company's publication of a notice of its intent to rely on the SEC's temporary exemption for Tokenized Securities Venues.

This expansion in the U.S. builds directly on Perpetuals's existing European tokenization platform. The SEC filing adds to Perpetuals's momentum in tokenization, following the company's recent agreement to tokenize more than $300 million in real-world physical commodities.

The Perpetuals founding team created the world's first regulatory-approved tokenized stocks in 2021, enabling platforms including Binance, FTX, and Bittrex to offer 24/7 stock trading for the first time, and delivering pre-IPO contracts for Coinbase, Airbnb, and Robinhood.

"The Perpetuals team has long been trailblazers in tokenization, and this expansion into the U.S. allows us to further utilize our platform and deep expertise," said Patrick Gruhn, CEO of Perpetuals.

For traders, tokenized equities bring significant benefits and flexibility, including 24/7 trading, near-instant settlement, and fractional ownership on blockchain rails, all while users retain full dividend and voting rights.

About Perpetuals.com Ltd

Perpetuals.com Ltd (NASDAQ:PDC) is a fintech company that pairs proprietary AI with regulated market infrastructure to open global markets to more participants, from financial platforms to individual users. By building on fully compliant infrastructure, Perpetuals keeps the interests of platforms and users aligned while making markets more transparent and accessible.

UpsideOnly, the company's flagship consumer product, is the first risk-free trading and market prediction platform that uses a proprietary AI algorithm combined with crowd intelligence to ensure users never lose money. Perpetuals's patent-pending BayesShield AI analyzes billions of data points to identify the strongest signals from top-performing traders. Intentionally designed so that its success is directly aligned with that of its users, UpsideOnly enables eligible users to share in trading profits without ever risking their own money.

Perpetuals's technology is used by the EU-licensed Perpetual Markets Multilateral Trading Facility (MTF), PM MTF Ltd, which operates under full MiFID II, MiCA, DORA, and EMIR compliance. With this regulatory foundation, Perpetuals delivers white-label trading services that let partners launch on fully licensed infrastructure, cutting the time and cost of building their own.

Forward-Looking Statements: This press release contains forward-looking statements as defined within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding Perpetuals's intent to offer tokenized U.S. stocks, the posting of a notice on its website on or about October 14, 2026, and participation in the SEC Innovation Exemption framework. Words such as expect, would, will, positions, advancing, projected, anticipated, intends, and other similar expressions indicate forward-looking statements, though not all forward-looking statements contain such words. These statements reflect the company's current view with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially, including regulatory developments, completion of the applicable 30-day period following publication of the Tokenized Securities Venue Notice and compliance with SEC exemption conditions, technical implementation, market conditions, user adoption, and risks detailed in the company's filings with the Securities and Exchange Commission. Forward-Looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the company, are inherently subject to significant business, economic, competitive, political, regulatory, and social uncertainties and contingencies. Should one or more of these risks or uncertainties materialize, or should the assumptions underlying those forward-looking statements prove incorrect, actual results may vary materially from those described herein. Individuals are cautioned that forward-looking statements are not guarantees of future performance and accordingly investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein. These forward-looking statements are made as of the date of this press release, and the company does not undertake any obligation to update these forward-looking statements, except as required by law.

Media Contact:
press@perpetuals.com

Investor Relations:
ir@perpetuals.com

SOURCE: Perpetuals.com

View the original press release on ACCESS Newswire

FAQ

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What is Perpetuals.com (PDC) planning for tokenized U.S. stocks?

Perpetuals.com plans to offer tokenized U.S. equities on its platform using the SEC's five-year Innovation Exemption framework. It has published a notice of intent to rely on the temporary exemption for Tokenized Securities Venues.