Nasdaq Requests SEC Approval for Tokenized Stock Trading

Nasdaq has formally submitted a request to the U.S. Securities and Exchange Commission (SEC) to amend its regulations to facilitate the trading of tokenized securities. The exchange is proposing a new rule that would enable the trading of company stocks represented as tokens on a blockchain. This filing represents a significant stride toward integrating blockchain technology into conventional financial markets. It is anticipated that this modification will lead to increased efficiency and transparency in trading operations. If approved, this proposal would allow companies to issue tokenized shares, providing investors with fresh investment avenues. This development showcases the growing interest in blockchain technology and its potential to transform the financial sector. The industry will be closely observing the SEC’s decision on this request, as it could profoundly impact the future of securities trading.