Lawmakers from the U.S. state of Wyoming have introduced legislation that would allow the issuance of tokenized stock certificates using blockchain tech.

On Wednesday, representative Jared Olsen (Republican), along with senator Chris Rothfuss (Democratic) and six other Republican representatives jointly filed House Bill 0185, titled “Corporate stock-certificate tokens,” proposing an amendment that would permit the use of tokenized digital share certificates in lieu of paper-based versions.

“The articles of incorporation or bylaws of a corporation may specify that all or a portion of the shares of the corporation may be represented by share certificates in the form of certificate tokens,” the proposed bill states.

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