According to the firms, this is the first trade conducted under these conditions.
DRW Cumberland purchased tokenised Canton Strategic Holdings common stock from existing shareholder Five North, executed through Tradecraft, TSV’s automated market maker protocol, with liquidity provided by Flowdesk.
Fairmint, Canton Strategic Holdings’ SEC-registered transfer agent, recorded the tokenised shares on behalf of the firm as issuer-sponsored, maintains the onchain record of ownership, operates the allow-list of holders and wallets, and applies Canton’s transfer controls.
Owners of the tokenised shares are entitled to the same rights as holders of Nasdaq-traded CNTN.
The initiative follows Canton Strategic Holdings’ agreement in late October 2026 to make its common stock available on TSV’s venue.
Speaking on the trade, TSV co-founder Ryan Trinkle says: “We set out to make our first listing the standard for how tokenised US 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.”
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