Nasdaq-listed Perpetuals.com intends to launch a tokenized securities trading platform utilizing the SEC’s five-year innovation exemption policy. This regulatory framework permits select venues to trade US stocks on public blockchains without registering as traditional stock exchanges, positioning Perpetuals.com as the second entity after OKXICE to pursue this pathway. Led by former FTX Europe head Patrick Gruhn as CEO, the company targets a potential mid-November launch pending final preparations. Trading commencement depends on completing market data integration, compliance arrangements, smart contract security reviews, and a mandatory 30-day public notice period.