Nasdaq Seeks SEC Approval to Trade Tokenized Stocks and ETPs
The exchange proposes rule changes to enable tokenized versions of existing Nasdaq-listed equities and exchange-traded products, ensuring full equivalence with traditional shares.
Summary
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Terms & Concepts
Tokenized Security: A digital representation of a traditional financial asset, recorded on a blockchain for trading and settlement.
CUSIP: A unique identification number assigned to securities to facilitate clearing and settlement.
ETP (Exchange-Traded Product): A publicly traded investment vehicle, such as ETFs, that tracks the performance of an underlying index, commodity, or asset.