Nasdaq’s Head of Digital Assets Strategy, Matt Savarese, emphasized that the SEC approval of the tokenized stock initiative remains a top priority, with the team intent on advancing the proposal as quickly as possible while incorporating public feedback to refine the plan.
Nasdaq envisions tokenization within a disciplined framework, not to upend the existing securities system, but to expand participation and push tokenization into the mainstream under the SEC‘s oversight, adopting an investor-centric and responsible rollout.
The exchange previously submitted a rule change to permit regulated venues to trade tokenized stocks and ETFs on its platform; if approved, Nasdaq would be the first major U.S. exchange to offer on-chain securities trading alongside traditional equities, signaling a shift in market infrastructure.
Source: https://en.coinotag.com/breakingnews/nasdaq-advances-tokenized-stocks-plan-toward-sec-approval-aims-to-bring-on-chain-securities-and-etf-trading-to-mainstream-markets
