The Nasdaq exchange is moving toward blockchain adoption, filing with the U.S. Securities and Exchange Commission on Monday for approval to tokenize stocks. If approved, the plan would allow customers to trade equities either through traditional routes or as tokenized versions, with both options carrying equal priority.
Trades would clear and settle through the Depository Trust Co., maintaining regulatory oversight. In its filing, Nasdaq said tokenization could integrate into regulated markets while preserving the benefits of the national market system.
The initiative comes as tokenization gains momentum globally, with Robinhood recently launching stock tokens in Europe covering 200 U.S. equities and ETFs. Several crypto-native exchanges, including Bybit, Kraken, and Gemini, have also entered the space. Nasdaq’s entry, however, is particularly significant given its role as the listing venue for tech giants like Apple, Alphabet, Amazon, and Microsoft.
The move underscores the accelerating push by traditional finance heavyweights to embrace blockchain-based infrastructure for securities trading.
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