🚨 Nasdaq Seeks SEC Approval for Tokenized Securities

Nasdaq has filed a proposal with the U.S. Securities and Exchange Commission (SEC) to allow trading of tokenized securities—digital representations of financial assets—on its main market. If approved, this would make Nasdaq the first major U.S. stock exchange to integrate tokenized assets, blending traditional finance with blockchain technology. The move aims to enable tokenized stocks and exchange-traded products (ETPs) that offer the same rights and obligations as their conventional counterparts, maintaining parity under existing market regulations.

The proposal also emphasizes seamless integration with Nasdaq’s traditional infrastructure, ensuring that token-settled trades do not disrupt current order handling or surveillance practices. Nasdaq expects the first tokenized trades could take place by Q3 2026, contingent on the readiness of the Depository Trust Company’s infrastructure. This initiative comes amid a growing interest in tokenization across the financial industry, with firms like Coinbase, Gemini, Kraken, and Robinhood exploring the issuance and trading of tokenized stocks, bonds, gold, and shares of private companies like SpaceX and OpenAI.

If the SEC approves the proposal, Nasdaq could set a precedent for a new era of financial markets where tokenized securities increase liquidity, reduce settlement times, and potentially broaden access to investing. However, this also introduces questions around regulatory oversight, investor protection, and market stability. Investors and market participants should watch closely as the SEC evaluates this initiative, as its approval or rejection could significantly shape the future of tokenized trading and the adoption of blockchain-based financial solutions in traditional markets.

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