SEC Approves Nasdaq Rule That Puts Tokenized Stocks Next to Traditional Shares

The US Securities and Exchange Commission (SEC) approved a Nasdaq proposal on March 18, 2026, enabling the introduction of tokenized trading for specific stocks. This approval, following a seven-month review, will allow tokenized stocks to trade on the same order book as traditional shares, sharing identical tickers, CUSIP numbers, and shareholder rights. The SEC addressed concerns regarding price divergence, shareholder rights, and market surveillance before granting approval. Initially, the program will include stocks listed in the Russell 1000 Index and ETFs tracking major benchmarks like the S&P 500 and Nasdaq 100. The Depository Trust Company (DTC) will handle clearing and settlement. The tokenized stock market has already reached $1.09 billion in on-chain value, with a 15.1% increase in the past 30 days, and monthly transfer volume reached $2.48 billion. Ondo Finance currently holds the largest market share at 61%. Nasdaq has also partnered with Kraken to develop an equities transformation gateway, signaling further development in this space.

(Source：BeInCrypto)