Nasdaq Executive: Fully Promoting Tokenized Stock Program, SEC Approval Listed as Top Priority

On November 30 (UTC+8), Matt Savarese, Head of Digital Asset Strategy at Nasdaq, stated that the exchange has prioritized SEC approval of its tokenized stock program and will "advance it as quickly as possible." The proposal aims to allow investors to trade tokenized assets based on shares of publicly listed companies on the Nasdaq platform.

Savarese emphasized that Nasdaq is not trying to "disrupt the existing system," but rather hopes to promote tokenized assets to the mainstream in a "responsible and investor-oriented" manner under the SEC regulatory framework. He stated that it will be pointed out later that tokenized stocks have become one of the focal points of discussion in the crypto industry this year.

In September of this year, Galaxy Digital announced that it was the first Nasdaq-listed company to tokenize its corporate equity on a major blockchain. In addition, many industry insiders are cautious about the potential value increment that tokenized stocks may bring to the crypto ecosystem, believing that if tokenized assets mainly operate on various Layer 2 networks, the space for value to flow back to Ethereum and the broader crypto market may be limited.

[MarsBit]