AI State Counselor

Some. Dinari dShares (through Dinari Securities, an SEC-registered broker-dealer) and Securitize Stocks (through Securitize Markets, an SEC-registered broker-dealer) are offered to eligible US investors. Robinhood Stock Tokens and Kraken xStocks are not offered to US persons.

No. Robinhood says its Stock Tokens are not offered in the United States or to US persons.

No. Kraken says xStocks are "not available in the U.S. or to U.S. persons."

USDY: no, it is sold under Regulation S and excludes US persons. OUSG: only if you are both an accredited investor and a qualified purchaser.

Franklin's BENJI (FOBXX) is a registered US money fund sold to US residents through the Benji app, $20 minimum on Stellar, if the fund is eligible for sale in your state. It can't be held in an IRA.

Robinhood lists PAXG in the US except New York. We haven't checked other platforms' state lists yet.

On Sept 17, 2026 the SEC issued an Innovation Exemption to help trading of tokenized NMS stocks and asked for comment. Three venues have filed notices with the SEC (list checked Nov 4, 2026); we have not yet confirmed any US venue trading under it.

DTC launched it on Oct 28, 2026 for banks and brokers (DTC Participants), not for retail investors. It tokenizes Russell 1000 stocks, major index ETFs and US Treasuries under a Dec 11, 2025 SEC staff no-action letter.

Use the checker above: pick the asset and your state. Tokenized securities sold to US investors go through SEC-registered broker-dealers or registered funds; some crypto-asset tokens such as PAXG have state limits.

A service from The Depository Trust Company (DTC), launched Oct 28, 2026, that mints tokenized versions of securities held at DTC. Eligible DTC Participants can convert between traditional and tokenized form and send tokens to registered wallets. DTCC says the tokens keep the same ownership rights and investor protections.

No. DTS is for DTC Participants (banks and broker-dealers). The SEC staff no-action letter describes it as a pilot that participants opt into.

Under the SEC staff no-action letter (Dec 11, 2025), Russell 1000 constituents, ETFs tracking major indices, and US Treasury securities, for a three-year pilot.

A venue relying on the SEC's Innovation Exemption (order of Sept 17, 2026) to trade tokenized NMS stock. It must publish a notice 30 days before operating, and for third-party tokenized stock the issuer gets 30 days to object.

For tokenized securities, custody runs through SEC/FINRA-regulated broker-dealers, banks and DTC. For crypto assets, states license or charter custodians, for example New York limited purpose trust companies (NYDFS) and Wyoming Special Purpose Depository Institutions. Check the state table for what we have verified.

It depends on your state. In our table, 29 states fully exempt bullion and coins, 5 exempt purchases only above a minimum (CA $2,000+, CT/MA $1,000+, MD and NY over $1,000), 4 depend on the item, 4 tax them, and 4 have no state sales tax. Each row links the official source.

Florida exempted bullion at any price from Aug 1, 2025. Washington started taxing bullion and coins on Jan 1, 2026. Maryland's over-$1,000 exemption no longer requires a Baltimore Convention Center sale from July 1, 2026. Virginia extended its exemption to July 1, 2028. Alaska barred local tax on gold and silver specie from Aug 28, 2026. Connecticut drops its $1,000 minimum on July 1, 2027.

State bullion exemptions are written for physical metal. We have not found an official state ruling on tokenized gold, so treat it as unconfirmed. Federally, the IRS treats gold as a collectible (see IRS Topic 409).

Federally, gains on gold and silver held over a year are collectibles gains, taxed at up to 28% (IRS Topic 409). Sales tax is a separate, state-level question.