Core Insights - The U.S. Securities and Exchange Commission (SEC) has approved a rule change allowing Nasdaq to facilitate the trading of tokenized shares, marking a significant step towards integrating blockchain technology within regulated market infrastructure [1][4][12] Group 1: Tokenized Settlement Framework - Eligible participants can settle trades in tokenized form through a pilot program managed by the Depository Trust Company, aligning trading mechanics with traditional equity markets [2] - Tokenized shares will share the same order book and execution priority as conventional equities, ensuring identical shareholder rights and privileges [3][12] - The pilot program aims to improve efficiency in clearing and post-trade processes by embedding tokenization directly within regulated infrastructure [7] Group 2: Regulatory Context and Strategy - The SEC's approval reflects a broader initiative to modernize post-trade infrastructure without disrupting existing trading systems, allowing for the integration of blockchain technology [5][8] - SEC Chairman Paul Atkins indicated that further rulemaking may follow, including a potential "innovation exemption" to support new market structures while maintaining regulatory oversight [9] - The SEC is anchoring the development of tokenized securities within existing rules rather than creating a separate framework for crypto-based equities [12] Group 3: Market Implications and Future Outlook - The Nasdaq pilot represents a controlled test rather than a full market transition, ensuring continuity by requiring tokenized shares to mirror traditional equities [15] - If successful, the pilot could lead to broader adoption across exchanges and asset classes, particularly in areas where settlement efficiency is critical [17] - The approval indicates that tokenized equities are moving closer to regulated U.S. markets, prioritizing continuity over disruption [18]

RT Token Terminal 📊 (@tokenterminal)Q: What's the most widely held tokenized stock?A: TSLAx by @xStocksFi with 20.4k holders https://t.co/2SZHzLvJZF ...

robinhood chose arbitrum orbit over base despite coinbase being a direct competitor. $204b AUM institution needed 96KB contract limits for tokenized stock compliance logic. base maxes at 24KB. ARB at $0.10 with $10m+ monthly revenue and $199m treasury. robinhood chain mainnet late 2026 forces the re-rating everyone sleeping on ...

⛓️🎫 @nvidia is the world's most valuable company at a $4.4 trillion market cap, with annual revenue surpassing $200 billion.The company's stock is now accessible in a tokenized format on @BNBCHAIN, @solana, and @ethereum via @OndoFinance Global Markets.A chart to follow 👇 https://t.co/FLyyLkCfyz ...

Partnership & Product Expansion - Coinbase is reportedly partnering with Kalshi to launch a prediction market, expanding its platform's asset offerings [1] - Kalshi will be the exclusive prediction market operator working with Coinbase [1] - Coinbase is expected to announce the new product at its "Coinbase System Update" event on December 17 [1] - The event will also feature the announcement of tokenized stock offerings [1]

RT MEXC_Listings (@MEXC_Listings)📢We’re thrilled to list multiple Ondo tokenized stock trading pairs on MEXC Spot: @OndoFinance‣ RIOTON‣ SLVON‣ MRVLON‣ IBMON‣ GEON⏰Listing Time: December 1, 2025, 13:00 (UTC)Details:https://t.co/mObANdnqp6 https://t.co/QSu7MajOsV ...

RT Milk Road (@MilkRoad)Tokenized $GOOGL just hit $1M market cap,This makes it the first tokenized stock to break the milestone. https://t.co/qEdvjN6nkx ...

Independent researcher Jane Manchun Wong found through reverse-engineering Coinbase’s publicly available app code that the company is testing prediction-market and tokenized-stock interfaces, including tabs for “Stocks” and “Predictions” and disclosures indicating that prediction markets would be offered by Coinbase Financial Markets through KalshiEX LLC. The timing coincides with Coinbase’s December 17 “System Update” event, where new products and business updates are expected. https://t.co/WFvQAO7qr5 ...

Market Position & Fees - Meteora generates 70% of Uniswap's fees with only 3% of the market cap [1] - MET token price increased by 35% following Uniswap's fee switch announcement [1] Tokenized Assets & Launchpad - $10 Billion in tokenized stock volume within 4 months [1] - 98.5% share of shitter launchpad [1] Valuation - The valuation gap is expected to close upon the announcement of buybacks [1]

RT LBank Futures (@LBankFutures)🌎 World Premiere #LBankFutures New Listing🚀🧲 $GOOGLX (Alphabet tokenized stock) perpetual with up to 10x leverage now live on #LBank !💰 Start trading: https://t.co/MeYXP1Msqz🟢 For more details and updates:https://t.co/VQUmbvhhc1 https://t.co/cynbuHrLbK ...