tokenization @avalabs 🔺 || former @troweprice || @williamandmary || Opinions are my own & not the views of my employer || 🇺🇸
🇺🇸
Joined January 2021
- Tweets4.9K
- Following1.9K
- Followers3K
- Likes6.7K
Pinned Tweet
1/ As the crypto bull market accelerates, builders, investors, and enjoyoors face a crucial question: what blockchain architecture will fuel the next wave of innovation?
The answer is clear—purpose-built blockchains on @avax will lead the way. Here’s why. 👇
🔗 Full deep dive: medium.com/@ovwoude/swiss-ar…
Under the Innovation Exemption, objecting is free and silence counts as consent. Given how easy that opt-out is, expect the objector list to keep growing, and the next venue that sends notices should expect similar resistance. My take in @CoinDesk :
Read more here: coindesk.com/business/2026/1…
The OKXICE objections tell us more about issuer incentives than about tokenization. Objecting costs nothing; staying silent can’t be undone. The path forward runs through issuer participation. More in @CoinDesk:
Read more here: coindesk.com/business/2026/1…
The SEC’s Innovation Exemption is a data-gathering exercise. What it’s showing so far: public companies want a say in how their shares come onchain. That’s a useful signal vs. a failure. Spoke with @CoinDesk about it:
Read more: coindesk.com/business/2026/1…
Thanks to @CoinDesk for including me in this piece on the OKXICE objections. The list of objecting issuers is a data point, not a verdict. OKXICE is the first venue to send notices under the SEC’s Innovation Exemption, so it’s the first to get the answers.
Read more here: coindesk.com/business/2026/1…
Collaboration + competition are increasingly existing under the @SECGov innovation exemption
ICE is partnering with OKX while other crypto native or fintech players (Perpetuals.com, TSV LLC) pursue independent venues
Structure allows both JVs & standalone experiments under identical temporary rules, which may generate both cooperation & rivalry for the limited volume the exemption permits
🚨NEW: The @SECGov says three firms have notified the agency of their intent to operate tokenized securities venues, or TSVs, under its new innovation exemption.
📌TSV LLC is owned by Ali Abrar and Ryan Trinkle, co-founders of Obsidian Systems. Trinkle also sits on the @CantonFdn board. TSV plans to operate on @CantonNetwork.
📌OKXICE is a joint venture between @okx and @ICE_Markets. It plans to operate on X Layer, OKX’s Ethereum Layer 2.
📌Kephas Corp. is @Perpetuals_com’s U.S. subsidiary, led by founder @PGruhnPDC, the former head of FTX Europe. Its venue plans to run on Kronos X Public, a public, permissionless Layer 2, using permissioned trading pools.
The SEC says inclusion on the list doesn’t mean a firm has met the exemption’s conditions.
Traditional players are choosing partnerships w/ cryptonatives
ICE did not launch a standalone tokenized venue; it formed OKXICE... suggesting large market operators see value in crypto native tech, distribution, or on-chain expertise while still wanting a controlling / co-equal role
Different models and tech stacks are emerging for TSVs.
> OKXICE is targeting permissioned Uniswap v4 pools on its own X Layer chain with stablecoin pairs (USDC, USDT, etc.).
> TSV LLC is pointing at the Canton Network.
> Perpetuals.com is using an Ethereum-compatible L2 (Kronos).
Will be interesting to see early filers stress-testing multiple approaches in parallel
THE BLOCK: SEC lists three firms that have filed notices to operate tokenized securities venues under its Innovation Exemption: TSV LLC, OKXICE TSV, and Perpetuals[dot]com (Kephas Corporation).
"Inclusion on the list does not mean that the person meets the definition of 'Tokenized Securities Venue' under the Innovation Exemption Order, nor does it mean that the person has established that it meets the conditions of the TSV Exemption," the SEC noted.
Olivia Vande Woude retweeted
On July 7 we had Olivia Vande Woude ( @cryptoreine) of Ava Labs on Stabledash Live.
On Oct 2, South Korea moved to bring stocks onchain, with its securities depository building on Avalanche. The next day, we resurfaced her clip.
Time between: 87 days.
xitter.cf/stabledash/status/2106…
Korea's FSC is bringing its central securities depository onchain, with KSD building on Avalanche / @avax
@cryptoreine, Tokenization Lead at @AvaLabs, told us in July why an
onchain register matters:
"The issuers or their transfer agents reflect ownership directly onchain."
"There aren't twin or parallel representations of the same asset. You don't have to go through the traditional process to date of reconciling the onchain with the offchain records."
xitter.cf/avax/status/2106113860…
Olivia Vande Woude retweeted
JUST IN: Charles Schwab identifies Avalanche as a leader in RWAs and institutional use cases.
New research from @CharlesSchwab points to custom L1s and high-utility financial activity as key differentiators for the network.
Hosting our @avax breakfast in nyc the 29th, with panelists from @aave, @Securitize, @usat, Intrinsic Capital
Learn about RWA utility on Avalanche…
Who’s joining 👀
According to earnings calls, instits are treating tokenization as an infra/capability build as opposed to waiting for perfect statutory clarity
@GoldmanSachs multi-year GS DAP platform, tokenized bonds, mmfs, etc. are examples of building the rails first (even while describing volumes as small)
It's 2026 and sell-siders are telling @GoldmanSachs that tokenization could "nip a the core of [their] markets business"
earnings calls are getting more interesting!
Agree with @TD_Canada's Reid Noch here. ICE/OKX TSV may be the most credible model coming to mkt, but the caps keep it a small scale pilot. NYSE’s tokenized ATS is the more consequential bet bc it works inside the existing perimeter & goes after the plumbing (issuance, settlement, ownership records) vs adding a new venue.
