News, data and analysis on tokenized assets, market design and digital economic systems.
Puerto Rico company running a venue for tokenized US stocks on the Canton Network under the SEC's September 2026 exemption, where the first trades under that exemption, in Canton Strategic Holdings, were made on 4 November 2026.
TSV LLC is a Puerto Rico limited liability company owned in equal halves by Ali Abrar and Ryan Trinkle, who also manage it. It operates a tokenized securities venue under the SEC's temporary, conditional exemption of September 2026, and says it is not registered with the SEC for that activity. Its public notice was first published on 23 September 2026. The venue has no order book. Approved participants trade tokenized stocks against stablecoins in permissioned pools run by the Tradecraft automated market maker software, licensed from an affiliate, Obsidian Software LLC, and both sides of a trade settle together on the Canton Network. It is designed to be available at all hours, and its notice says it does not mechanically tie off-hours prices to the last exchange price. A standard pool charges 0.30% a trade, 0.20% to liquidity providers and 0.10% to the venue. On 4 November 2026 it carried the first trades under the exemption: five purchases of Canton Strategic Holdings' tokenized stock, worth $40,296 by its own published record.
Developments in which TSV LLC is a named party, newest first.
Shares in Canton Strategic Holdings changed hands on a blockchain venue on 4 November. The venue's own record shows five purchases, a price that rose 14% within hours, and no trades in the five days that followed.
Canton Strategic Holdings' tokenized shares traded on TSV LLC, a venue on the Canton Network, the first trades under the SEC's September exemption. The venue's record shows five purchases worth $40,296, a price rising 14% within the day, and no trades from 5 to 9 November.
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