SEC Greenlights Nasdaq to Offer Tokenized Stock Trading With Equal Order Book Priority

What Did the SEC Approve? The U.S. Securities and Exchange Commission has approved a rule change allowing Nasdaq to support the trading of tokenized shares, opening a new pathway for blockchain-based representations of equities within regulated market infrastructure. Under the approved framework, eligible participants will be able to settle trades in tokenized form through a pilot program operated by the Depository Trust Company, part of the DTCC. The structure allows investors to opt into tokenized settle ...