The NASDAQ, the American exchange where the biggest names in the technological sector lure their actions, seeks to put actions on the blockchain, asking the American Commission on the securities and the exchange of blessed its efforts on Monday while other members of the world of securities sprint towards the same objective of tokenization.
If the deposit of the SEC is approved, the scholarship would allow customers to choose either the traditional route to negotiate shares or do it in chain with tokenized actions – an option that would be dealt with with the same priority as the inherited method.
“Exchange considers that markets can use tokenization while continuing to provide the advantages and protections of the national market system,” argued the NASDAQ in its file, suggesting that tokenized assets should be negotiated “on regulated markets, namely the exchange of national securities, alternative negotiation systems and in [Financial Industry Regulatory Authority] regulated brokers. “”
Nasdaq’s decision follows a Digital Brokerage Robinhood effort to issue tokens in stocks for European customers in July, giving access to some 200 US shares and Stock Exchange Funds (ETF). Bringing actions and other active active worlds to Blockchain Rails has been among the most sizzling in innovations in the world of digital assets, and competition has become fierce for traditional financing names and the natives of cryptography to make movements.
Several Crypto exchanges, such as Bybit, Kraken and Gemini, have leap. But the Tradfi Nasdaq giant – The Maison des Lists for Apple, Google Parent Alphabet, Amazon, Microsoft and other technological pillars – is particularly significant.
Find out more: Tokenized stocks do not work (Again)
For its part, the Nasdaq would treat this company, as is the trade in regular actions, he said, and would have the trade of clear tokens and settled by the Depository Trust Co.
“The simple fact that a prescription contains token titles or indicates a preference to erase and settle the titles in the form of a token will not affect the priority in which the exchange executes this order”, according to the proposed change of Nasdaq with the dry. Transactions already digital action – as part of this new system – would be recorded via the large digital book, which “presents new capacities by which recording proofs of property and transactions”.
Those who buy tokens would obtain total rights on associated shares, including voting and liquidation rights.
The new NASDAQ tokenized trading – also offering negotiated products on the stock market, such as ETF – would begin “once the infrastructures required and the post -exchange settlement services have been established by” DTC, which works there, said the company.
“Our proposal aims to offer significant advantages to the markets by integrating new capacities in the fabric of our financial system and by further making the most effective and reliable markets in the world,” said Nasdaq president Tal Cohen, in a Monday published on LinkedIn.
The president of the SEC, Paul Atkins, clearly indicated that the tokenization of assets is a major priority for the agency, and the regulator has gathered a panel in his series of round cryptographic tables this year to explore it. A major element of the new Atkins Crypto Push project at the agency is to open a path for the best world market of securities.
“This movement of off -chain systems from the chain systems is similar to the transition of audio recordings, from analog vinyl recordings to cassettes to digital software from decades,” said Atkins on May 12 of the agency’s remarks. “Migration to current securities has the potential to renovate the aspects of the securities market by allowing new methods of emission, negotiation, possession and use of securities.”
Read more: dry, CFTC chiefs say that crypto lawn wars while agencies are advancing in joint work
UPDATE (September 8, 2025, 13:49 UTC):: Add comments from Nasdaq.
