Nasdaq executive: We are fully advancing the tokenized stock initiative and have prioritized SEC approval as the top priority

Matt Savarese, Head of Digital Asset Strategy at Nasdaq, stated that the exchange has prioritized SEC approval of its tokenized stock proposal 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 the plan will continue to be improved based on public feedback and regulatory issues.

The report pointed out 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 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 return to Ethereum and the broader crypto market may be limited.

[ChainCatcher]