The SEC is working on a plan to enable company stocks to be traded as blockchain-based tokens, with Nasdaq seeking approval for the first tokenized securities exchange.
The U.S. Securities and Exchange Commission (SEC) is exploring the possibility of allowing traditional company stocks to be tokenized and traded on blockchain platforms. This move is backed by discussions with market participants on regulatory amendments and follows Nasdaq’s September 8 application for approval to offer tokenized securities trading. If approved, this would mark the first such initiative by a major U.S. stock exchange.