South Korea
TokenPost
Stove Finance Proposes Standards for Tokenized Stock Settlement and Corporate Actions
- Stove Finance filed a public comment letter with the SEC proposing standardized rules for tokenized stock settlement and corporate actions.
- The proposal calls for registered broker-dealers to help build on-chain securities record systems, cross-institutional reconciliation, and delivery infrastructure.
- It urges broker-dealers, custodians, transfer agents, and on-chain exchanges to jointly define standards for asset conversion, settlement status, and events like dividends and stock splits.