TechFlow, on September 9, according to Jinshi Data, as the Trump administration eases cryptocurrency regulations, exchange operator Nasdaq is working with U.S. regulators to introduce tokenized securities trading, becoming the latest major financial firm on Wall Street to strongly bet on the tokenization boom.
If approved, this would mark the first time tokenized securities are permitted to trade on a major U.S. securities exchange. On Monday, Nasdaq filed a proposal with the U.S. Securities and Exchange Commission (SEC) suggesting rule changes to allow listed stocks and exchange-traded products (ETPs) to be traded in "traditional digital or tokenized form" on the Nasdaq primary market.
In its filing, Nasdaq stated it believes the market can utilize tokenization while continuing to "deliver the benefits and protections of the national market system."
Several days earlier, the SEC released its rulemaking agenda for the coming months, which includes potential revisions that could allow cryptocurrencies to trade on national securities exchanges and alternative trading systems.
