TechFlow news, November 30 — According to Cointelegraph, Matt Savarese, Nasdaq's head of digital asset strategy, said the exchange has made SEC approval of its tokenized stock program a top priority and will push forward "as quickly as possible"; the team now needs to focus on evaluating public feedback.
Savarese emphasized that Nasdaq is not seeking to overturn the existing securities system: "We're not trying to disrupt the entire system; we want everyone to be part of this journey and bring tokenization into the mainstream. We aim to move this forward responsibly and in an investor-centric way within the SEC's regulatory framework."
Previously, Nasdaq formally submitted a rule change proposal (SR-NASDAQ-2025-072) to the SEC, aiming to allow regulated exchanges to support trading of tokenized stocks and ETFs on their main boards. If approved, major U.S. securities exchanges would become the first platforms to legally offer on-chain securities trading alongside traditional stocks.
