Nasdaq, the US exchange where the most important names in the technological sector list their actions, seeks to put actions in the block chain, asking the United States Stock Exchange and Securities Commission on Monday to bless their effort, even when others in the world of values are running towards the same objective of tokenization.
If the presentation of the SEC is approved, the exchange would allow customers to choose the traditional route for commercial actions or to do so in the chain with tokenized actions, an option that would be treated with the same priority as the inherited method.
“The exchange believes that markets can use tokenization while continuing to provide the benefits and protections of the national market system,” Nasdaq said in their presentation, suggesting that tokenized assets must be negotiated “in regulated markets, to know [Financial Industry Regulatory Authority] Broker-of regulated. “
The Nasdaq measure follows an effort for Robinhood digital brokerage to issue shares tokens for European clients in July, giving access to about 200 US actions and funds quoted in the stock market (ETF). Bringing actions and other real world assets to Blockchain Rails has been one of the innovations of the digital world, and competition has become fierce for traditional finance names and native cryptographic natives to make movements.
Several cryptographic exchanges, such as Bybit, Kraken and Gemini, have been making the leap. But Traffi Behemoth Nasdaq, home of Apple’s listings, Google Parent Alphabet, Amazon, Microsoft and other technological pillars, is particularly significant.
Read more: Tokenized actions do not work (Still)
For its part, Nasdaq would deal with this business as well as the trade of regular shares, he said, and that the tokens trade is clear and liquidated through the CO trust deposit.
“The mere fact that an order contains tokenized values or indicates a preference to clean and resolve token -shaped values will not affect the priority in which the exchange executes that order”, according to the change proposed by Nasdaq with the sec. The already digital transactions of the stock, under this new system, would be recorded through Digital Ledger, which “presents novel capabilities for which registered evidence of the property values and transactions “.
Those who buy tokens would obtain full rights of associated actions, including voting and liquidation rights.
Nasdaq’s new tokenized trade, which also offers products quoted in the stock market, such as ETF, would begin “once infrastructure and settlement services have been established by” DTC, which is working on them in them, the company said.
“Our proposal aims to provide significant benefits to markets integrating new capacities in the fabric of our financial system and further advance in the most efficient and reliable markets in the world,” said Nasdaq president, Tal Cohen, in a Monday post on LinkedIn.
The president of the SEC, Paul Atkins, has made it clear that the tokenization of the assets is an important priority for the agency, and the regulator gathered a panel in his series of cryptographic round tables earlier this year to explore it. An important component of the new Atkins project project, Crypto Push to the agency is to clear a path for the world’s leading stock market.
“This movement of values from the systems outside the chain to the chain is similar to the transition of audio recordings of analog vinyl records to cassette tapes to digital software decades ago,” Atkins said on May 12, he says in the agency. “The migration at chain values has the potential to remodel aspects of the stock market by allowing completely new methods of emission, negotiation, possessing and using values.”
Read more: SEC, CFTC bosses say Crypto Turf Wars happens as agencies advance in joint work
UPDATE (September 8, 2025, 13:49 UTC): Add Nasdaq comment.
