As reported by Cryptonewsland, Nasdaq is prioritizing its tokenized stock proposal and preparing for detailed SEC review. The exchange submitted the proposal on Sept. 8, seeking to list and trade digital stock representations using blockchain technology. Nasdaq's digital assets chief, Matt Savarese, emphasized the initiative's focus on gradual integration and compliance with existing market structures. The plan aims to introduce tokenization as an optional layer rather than a replacement for current systems. Meanwhile, industry leaders like Robinhood and Galaxy Digital have shown interest in tokenized equities, while some crypto firms, including Ondo Finance and Dragonfly, have raised concerns about the broader impact on the crypto ecosystem.
Nasdaq Advances Tokenized Stock Proposal Amid SEC Review
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