According to CoinMeta, financial technology companies perpetuals and com that are listed on the U.S. stock market plan to operate tokenized securities trading through their Delaware-based subsidiary Kephas Corporation under the five-year innovation exemption framework. The trading will be conducted through a licensed liquidity pool AMM, with an initial deployment on the Kronos X public chain, where tokenized U.S. stocks will be paired with USDC. Trading is expected to begin in mid-November, and the tokens will come with dividend and voting rights. perpetuals and com are the second companies to advance the tokenization of U.S. stocks under this framework after OKXICE, with Patrick Gruhn serving as the CEO.