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US SEC Seeks Public Feedback on Nasdaq's Tokenized Stock Trading Plan

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The US SEC is seeking public feedback on Nasdaq’s plan to trade tokenized stocks, as reported by Coinpedia. The proposal aims to evaluate how blockchain-based assets can fit into current market rules. On-chain data and on-chain analysis will likely play a role in the review, which covers legal, technical, and policy concerns. Galaxy Digital recently tokenized its stock on Solana, showing the overlap between DeFi and traditional markets. Some firms back the plan, while others, like Ondo Finance and Cboe, want the SEC to wait for DTCC’s guidance. The SEC also gave DTCC a no-action letter for tokenized custody assets, a key step for Nasdaq’s plan.
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