Nasdaq Prioritizes SEC Approval for Tokenized Stocks Initiative
- Nasdaq submitted a proposal on Sept. 8 to allow trading of tokenized stocks on its exchange.
- Matt Savarese, Nasdaq’s head of digital assets strategy, stated the exchange aims to expedite SEC approval.
- Savarese emphasized that Nasdaq is not seeking to disrupt existing investment systems but to promote responsible tokenization.
- Galaxy Digital became the first Nasdaq-listed company to tokenize its equity on the Solana network on Sept. 3.
- Rob Hadick from Dragonfly expressed skepticism about the benefits of tokenized equities for the crypto industry.
The push for tokenization in traditional markets has gained traction, with Nasdaq leading efforts to integrate it responsibly under SEC regulations. The initiative reflects a growing interest in blending traditional finance with crypto innovations.
With the proposal submitted in September and ongoing discussions with the SEC, Nasdaq is positioning itself at the forefront of financial innovation through tokenized stocks. (Source)
