Nasdaq To Move ‘as Fast as we Can’ on Tokenized Stocks as LSEG Allocates £100M to Blockchain

Core Insights - Nasdaq is preparing to list tokenized stocks pending regulatory approval from the SEC, aiming to enhance options for companies and investors [2][3] - The London Stock Exchange Group (LSEG) has invested approximately £100 million in blockchain infrastructure to support its Digital Markets Infrastructure [5][6] Group 1: Nasdaq's Initiatives - Nasdaq has proposed a rule change to the SEC to allow the listing of tokenized securities, indicating a strong commitment to on-chain finance [2][3] - The company is ready to act quickly on tokenized stocks once it receives SEC approval, emphasizing the importance of shareholder rights regardless of the underlying technology [3][7] - Nasdaq's strategy involves collaborating with technology firms like Securitize and Superstate for the technical aspects of tokenization [3] Group 2: LSEG's Developments - LSEG launched its Digital Markets Infrastructure in September, which utilizes a private ledger developed in partnership with Microsoft, focusing initially on private funds [5][6] - The group has allocated around £100 million for further development of its blockchain infrastructure, although listing tokenized shares is not currently a priority [6][7] - LSEG's approach contrasts with Nasdaq's, as it aims to establish the foundational infrastructure for tokenization rather than just listing tokenized assets [4]