According to BlockTempo, Nasdaq is actively pushing for stock tokenization, with the U.S. Securities and Exchange Commission (SEC) expected to provide a key response by early December. Nasdaq's digital assets head, Matt Savarese, has emphasized that tokenized stock services are a top priority, and the exchange is accelerating the SEC review process. The SEC is anticipated to respond on December 7. Nasdaq submitted its proposal on September 8 and is currently engaging in intensive discussions with the regulator. The tokenization of stocks could enable 24/7 trading and shift settlement from T+2 to T+0, improving efficiency and reducing counterparty risk. However, challenges remain, including the need for updated infrastructure, with the Depository Trust Company (DTC) estimating readiness for tokenization-related systems by late 2026.
Nasdaq Prioritizes Stock Tokenization as SEC Response Looms in December
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