Nasdaq's head of crypto business pledges to advance stock tokenization as soon as possible.

Nasdaq's head of digital assets, Matt Savarese, said that the exchange has prioritized tokenized stock applications and will advance communication with the SEC "as quickly as possible." He emphasized that Nasdaq is not trying to subvert the existing system, but hopes to bring tokenization into the mainstream in a responsible manner under the SEC regulatory framework.

The proposal allows the buying and selling of "stock tokens" on Nasdaq, which are on-chain digitized versions of publicly traded company stock.

[Cointelegraph]