SEC Approves Nasdaq’s Tokenized Securities Trading Proposal
- The SEC approved Nasdaq’s plan for trading tokenized securities, marking a key integration of blockchain in U.S. equity markets.
- Tokenized trades will be settled by the Depository Trust Company (DTC), which will manage clearing and settlement processes.
- Eligible participants can opt for blockchain-based tokens instead of traditional book-entry systems for their trades.
- Tokenized shares will trade on the same order book as traditional shares, maintaining identical rights and market rules.
- Nasdaq is collaborating with crypto exchange Kraken to globally distribute these tokenized stocks.
This approval reflects a growing trend towards the tokenization of traditional assets, enabling faster and more flexible trading options in the digital asset space.
With this move, Nasdaq aims to enhance its offerings by allowing tokenized shares to coexist with conventional equities, potentially transforming how securities are traded in the future.
