Nasdaq is striving to launch Tokenized Securities Trading

BlockBeats News, September 9th: On the occasion of the Trump administration's relaxation of cryptocurrency regulation, exchange operator Nasdaq is collaborating with U.S. regulators to introduce tokenized securities trading, becoming the latest major financial firm on Wall Street to heavily bet on the tokenization trend. If approved, this would be the first time that tokenized securities are allowed to trade on a major U.S. stock exchange. Nasdaq submitted a proposal to the U.S. Securities and Exchange Commission (SEC) on Monday, proposing rule changes to allow listed stocks and exchange-traded products (ETPs) to trade on Nasdaq's main market in "traditional digital or tokenized form."

In its filing, Nasdaq stated that it believes the market can utilize tokenization while "continuing to provide the benefits and protections of a national market system." Just days ago, the U.S. Securities and Exchange Commission (SEC) released its rulemaking agenda for the coming months, which includes potential rule revisions to allow cryptocurrency trading on national securities exchanges and alternative trading systems. (Jinse)