Nasdaq Seeks SEC Approval To Trade Tokenized Stocks, Bringing Blockchain To The Equities Market
Synopsis
The proposal is currently under review by the SEC, and if approved, it would enable traders to choose between the traditional route for trading equities and doing so on-chain with tokenized stocks.
Nasdaq (NDAQ) on Monday filed a proposal with the Securities and Exchange Commission (SEC) to let investors trade tokenized versions of stocks on its exchange, in addition to the traditional digitized format.
The proposal is currently under review by the SEC. If the filing is approved, it would allow traders to choose between the traditional route for trading equities and doing so on-chain with tokenized stocks.
"The Exchange believes the markets can use tokenization while continuing to provide the benefits and protections of the national market system," the exchange operator said in its filing. It suggested that the tokenized assets should be traded "in regulated markets, namely national securities exchanges, alternative trading systems, and at [Financial Industry Regulatory Authority] regulated broker-dealers."
Get updates to this developing story <directly on Stocktwits.<
Read also: Dogecoin Leads Top Crypto Tokens As Bitcoin Recovers To $112K
For updates and corrections, email newsroom[at]stocktwits[dot]com.<
Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business.