The Rise of Tokenized Stocks Is Being Driven by Legacy Finance

The Rise of Tokenized Stocks Is Being Driven by Legacy Finance Last week, the SEC approved Nasdaq’s (NASDAQ: $NDAQ) proposal to allow certain stocks and ETFs to trade in tokenized form alongside their traditional versions, with settlement still running through the Depository Trust Company. Eligible names include Russell 1000 stocks and major index ETFs. ICE (NYSE: $ICE), the parent of the NYSE, is building a similar platform, and regulators said earlier this month that banks will not face extra capital cha ...