Nasdaq Pledges Swift Push for SEC Approval of Tokenized Stocks

Nasdaq digital assets chief Matt Savarese announced the exchange has made its tokenized-stock proposal a top priority and will “move as fast as we can” with the SEC to secure approval. The proposal would allow trading of on-chain “stock tokens,” digital representations of publicly listed shares, under existing national market system rules. Speaking in a CNBC interview, Savarese emphasized that Nasdaq isn’t trying to upend the existing system but aims to bring tokenization into the mainstream responsibly u ...