https://www.globenewswire.com/news-release/20...rules.html
LAS VEGAS, Oct. 08, 2026 (GLOBE NEWSWIRE) -- Bitcoin Bancorp, Inc. (OTC: BCBC) (“Bitcoin Bancorp,” “BCBC,” or the “Company”), a diversified digital asset infrastructure and Banking-as-a-Service (BaaS) development company and holder of foundational U.S. patents related to Bitcoin ATMs, today announced its submission of a formal public comment to the U.S. Securities and Exchange Commission (“SEC”) concerning the regulatory framework for tokenized stocks and digital asset infrastructure.
The submission responds to SEC Release No. 34-106402, File No. 4-92, an order granting temporary conditional exemptions for certain trading activities involving tokenized National Market System (NMS) stocks. The fact sheet of the Order Granting Temporary Conditional Exemptive Relief for Trading of Tokenized NMS Stock on Tokenized Securities Venue is here.
“Tokenization of stocks and real-world assets is gaining momentum within capital market structures and Bitcoin Bancorp’s letter to the SEC supports the proposition that certain digital-asset access providers should receive securities-law relief,” said Eric Noveshen, Executive Vice President of Bitcoin Bancorp. “Enabling everyday Americans to have access to fractionalized or tokenized stocks is foundational to the American dream. Regulation should follow the function being performed. Bitcoin Bancorp’s technology and infrastructure could eventually contribute to broader retail participation in tokenized financial markets. Our infrastructure is well positioned to bring tokenization to the masses.”
BCBC supports the SEC’s limited, conditional, and data-driven approach while requesting clearer regulatory distinctions between securities trading intermediaries and independent technology or infrastructure providers that support identity verification, anti-money laundering compliance, lawful fiat funding, digital asset conversion, and wallet-related services. BCBC believes that clearer distinctions between infrastructure services and regulated securities activities could support innovation while preserving investor protection and appropriate regulatory oversight.
Physical access infrastructure and digital market structure
BCBC’s submission places the Company’s physical retail-access business model within a broader market-structure question: how identity, funding, wallets, custody, securities execution, and liquidity should be regulated according to the activities actually performed.
Bitcoin Bancorp’s technology and infrastructure operate at the consumer cash-to-digital-asset access layer. The Company owns Bitcoin ATM assets that are operated through licensed third-party operators. Bitcoin Bancorp’s subsidiary, First Bitcoin Capital LLC, owns and exclusively licenses intellectual property associated with cryptocurrency kiosk enrollment and transaction processing, including U.S. Patent Nos.US9135787B1 and US10332205B1.
These technologies form part of Bitcoin Bancorp's strategy to support secure and accessible digital asset infrastructure. The Company’s existing focus is on consumer cash-to-digital-asset access rather than the direct operation of a securities trading venue. Bitcoin Bancorp believes that physical retail access infrastructure, identity verification capabilities and digital wallet technologies may have potential relevance as tokenized financial markets develop.
As previously announced, BCBC was recently named the successful bidder for key Bitcoin Depot Assets. The acquired assets materially expand the infrastructure available to BCBC as it evaluates deployment, integration, and network-development opportunities. The Company is also integrating additional revenue streams such as through its collaboration with Tangem. This partnership will help enable users to store digital assets directly to hardware wallets at the point of transaction. Management believes increasing demand for seamless fiat-to-digital conversion will continue to support adoption when the tokenization of stocks begins adoption.
The regulatory perimeter around identity, funding and wallet services may affect how physical digital asset networks connect with future tokenized markets. BCBC’s position is that clear functional boundaries can permit qualified infrastructure providers to support regulated platforms without unintentionally assuming the legal role of the venue, broker, dealer, or custodian that controls the securities activity. Eric Noveshen added “A company that verifies identity, has full AML/KYC compliance, and facilitating trading of tokenized stocks should receive an exemption from the definition of a “dealer” under the Exchange Act. A durable framework should distinguish infrastructure from securities intermediation. Overall, the addressable market for Bitcoin Bancorp continues to expand directly with the adoption of digital assets into our economy.”