TechFlow News, March 19: According to an approval order issued by the U.S. Securities and Exchange Commission (SEC) on March 18, 2026, the SEC has formally approved Nasdaq’s proposed rule change (SR-NASDAQ-2025-072), permitting Nasdaq to list and trade securities in tokenized form under the Depository Trust Company’s (DTC) Tokenized Securities Pilot Program. Under this rule, eligible securities include constituents of the Russell 1000 Index and ETFs tracking major indices such as the S&P 500 and the Nasdaq-100.
Tokenized securities must share the same CUSIP number and trading symbol as their traditional counterparts and confer identical shareholder rights to holders in order to be listed and traded. Nasdaq stated that tokenized and traditional securities will be matched for execution on the same order book with equal priority, and trading rules, market surveillance, and the T+1 settlement mechanism will remain unchanged.
