Industry experts are convening today to evaluate whether synthetic or direct tokenization models will prevail following a new SEC exemption for tokenized stocks. The discussion features representatives from Ondo Finance, Dinari Global, and Cooley LLP analyzing which regulatory approach best aligns with the updated framework. Ondo Finance currently operates as the largest tokenized stock platform using offshore structured notes issued from the BVI, while Dinari serves U.S. investors through its own registered broker-dealer. The panel will assess which business model fits the newly opened regulatory pathway and determine the implications for platforms that do not meet the exemption criteria.