The trades involving Canton Strategic Holdings (NASDAQ: CNTN) shares follow TSV LLC’s September 23 notice to the SEC, the first by any Tokenized Securities Venue
NEW YORK, Nov. 4, 2026 /PRNewswire/ — TSV LLC (“TSV”), the permissioned venue for tokenized NMS stocks on the Canton Network, today supported the first trades of a tokenized U.S. stock under the U.S. Securities and Exchange Commission’s (SEC) Innovation Exemption, executed through a permissioned pool on Tradecraft, the automated market maker protocol that powers TSV. In the transactions, DRW Cumberland executed the first-ever purchases of tokenized Canton Strategic Holdings, Inc. (NASDAQ: CNTN) common stock from Five North, an existing shareholder. Fairmint TA LLC (“Fairmint”), an SEC-registered transfer agent and a subsidiary of Fairmint, Inc., recorded the shares in token form in Five North’s verified Loop Wallet, and Flowdesk Liquidity Solutions LLC (“Flowdesk”) provided liquidity.
The trades are a milestone for tokenized equities in the United States, bringing onchain trading of a U.S.-listed stock within the SEC’s new regulatory framework, announced in September, for the first time. They come as the asset class gains momentum, with onchain value of tokenized stocks growing from about $678 million at the start of 2026 to $3.15 billion by September, according to The Block Research. With a regulatory path now defined, issuer-sponsored listings like CNTN offer a model for public companies to bring their shares onchain while preserving the rights investors expect.
“Shares of a U.S. public company traded onchain under the SEC’s Innovation Exemption for the first time, carrying the same rights as the CNTN stock that trades on Nasdaq,” said Ryan Trinkle, Co-Founder of TSV. “We set out to make our first listing the standard for how tokenized U.S. equities should work under the SEC’s Innovation Exemption. The token is issuer-sponsored, with Fairmint’s Onchain Transfer Agent keeping the official record, and every holder is verified before they can hold or trade. On Tradecraft, approved investors can now trade at any hour, and shares and payment settle on the Canton Network.”
The trades follow Canton Strategic Holdings’ October 29 announcement of its agreement with TSV to make its common stock available for trading on the venue. Fairmint, Canton Strategic Holdings’ SEC-registered transfer agent, recorded the tokenized shares on behalf of the company as issuer-sponsored shares, maintains the official onchain record of ownership, operates the allow list of verified holders and wallets, and applies the company’s transfer controls. Holders of the tokenized shares receive the same rights and privileges as holders of CNTN shares traded on Nasdaq.
The SEC’s Innovation Exemption, issued September 17, allows qualifying platforms to trade tokenized U.S. stocks through permissioned automated market maker (AMM) pools. TSV, a special purpose regulatory vehicle, was the first to formally notify the SEC of its intent to operate a tokenized securities venue, publishing its initial venue notice on September 23. Because Canton Strategic Holdings sponsored the tokenization of its own shares, the listing did not require the 30-day issuer notice-and-objection process that applies when unaffiliated parties tokenize a company’s stock.
Tradecraft is the leading AMM protocol on the Canton Network and powers TSV. Through the venue, approved participants can trade tokenized shares 24/7, subject to regulatorily required trading stoppages, maintenance, risk controls, and trading volume limits, with trades settling atomically on a delivery-versus-payment basis so shares and payment change hands together. Participants and their wallets must be approved before trading, including identity verification and sanctions screening, and smart contracts enforce those rules.
For more information, visit tokenizedstockvenue.com.
About TSV
TSV LLC is a Tokenized Securities Venue founded by Ali Abrar and Ryan Trinkle, and the first to complete the SEC’s Innovation Exemption process set out in Release No. 34-106402. Approved participants can trade tokenized NMS stocks through automated market maker pools on Tradecraft, the leading AMM protocol on the Canton Network. Participants and their wallets are approved before trading, including identity verification and sanctions screening, with rules enforced by smart contracts. For more information, visit tokenizedstockvenue.com.
About Tradecraft
Tradecraft is an automated market maker (AMM) protocol and liquidity layer on the Canton Network, developed by Obsidian Software LLC. Launched in February 2026, Tradecraft lets participants trade and provide liquidity onchain with privacy by default, without exposing their strategies, positions, or counterparties. Built for institutional-grade real-world assets, Tradecraft is the leading AMM protocol on the Canton Network and powers trading on TSV. For more information, visit tradecraft.fi.
Media Contact:
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SOURCE TSV LLC
