Nasdaq requests SEC to allow trading of tokenized stocks

Source
Son Min

Summary

  • Nasdaq said it requested that the U.S. Securities and Exchange Commission (SEC) allow trading of tokenized securities and exchange-traded funds (ETFs).
  • The report said that if this rule amendment is approved, investors will be able to trade tokenized stocks and ETFs on Nasdaq starting in the third quarter of next year.
  • Bloomberg assessed that this request is an important matter that will determine whether tokenized assets can take hold on Wall Street.

Nasdaq has reportedly asked the U.S. Securities and Exchange Commission (SEC) to allow trading of tokenized securities and exchange-traded funds (ETFs).

According to Bloomberg on the 8th (local time), Nasdaq submitted a proposed rule amendment to the SEC asking it to allow trading of tokenized stocks and ETFs. If this amendment is approved, investors are expected to be able to trade tokenized stocks and ETFs on Nasdaq starting in the third quarter of next year.

The outlet said, "This request is not a simple rule change," and added, "It is an important matter that will determine whether tokenized assets can take hold on Wall Street."

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Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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