SEC approves Nasdaq's move to allow tokenized securities trading

The U.S. Securities and Exchange Commission (SEC) has approved Nasdaq’s proposal to enable the trading of certain securities in tokenized form, marking a significant step towards integrating blockchain technology into U.S. equity markets. This initiative will allow Nasdaq participants to settle trades as blockchain-based tokens, alongside traditional shares on the same order book and at the same price. The SEC confirmed that this structure maintains investor protection standards, with existing surveillance, data reporting, and settlement timelines remaining unchanged. This move follows a growing trend of tokenizing traditional assets, enabling faster and continuous trading. Nasdaq is also developing a framework for publicly listed companies to issue blockchain-based shares and has partnered with Kraken for global distribution, while Intercontinental Exchange (ICE) has invested in OKX to launch tokenized stocks and crypto futures.

(Source：CoinDesk)