Nasdaq Crypto Head: Promises to "Advance as Soon as Possible" Tokenized Stocks

On November 30, Cointelegraph reported that Matt Savarese, Head of Digital Asset Strategy at Nasdaq, stated that the exchange has made SEC approval of its tokenized stock program a top priority and will "advance it as quickly as possible"; the team now needs to focus on assessing public feedback.

Savarese emphasized that Nasdaq is not trying to overturn the existing securities system: "We are not trying to disrupt the entire system; we want everyone to participate in this journey and bring tokenization into the mainstream. We want to advance all of this in a responsible and investor-centric manner 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 tokenized stock and ETF trading on its main board. If the proposal is approved, the mainstream US stock exchange will become one of the first platforms to legally offer both on-chain securities trading and traditional stocks.

[TechFlow]