Nasdaq Files with SEC to Approve Trading of Tokenized Securities
According to Nasdaq’s SEC filing, tokenized securities will mirror traditional stockholder rights while leveraging blockchain settlement, reflecting the exchange’s strategy to defend its leadership amid digital asset innovation.
MOVE
Summary
Nasdaq submitted a proposal to the SEC to permit trading of tokenized securities, including equities, with blockchain-enabled post-trade settlement. The filing specifies that tokenized shares will mirror the rights of underlying securities, ensuring consistent investor protections. The initiative is presented as a strategic move to integrate blockchain technology into U.S. markets while reinforcing Nasdaq’s dominance as blockchain-based assets gain traction.
Terms & Concepts
- Tokenized Securities: Securities represented by blockchain-based tokens that mirror the rights and privileges of traditional shares.
- Blockchain: A decentralized digital ledger technology that records transactions securely and transparently across multiple computers.