Nasdaq's head of cryptocurrency pledged to move forward with tokenized stocks "as quickly as possible."

Matt Savarese, Head of Digital Asset Strategy at Nasdaq, revealed that the exchange is prioritizing the SEC's approval of its stock tokenization proposal.

When asked if the SEC might approve the proposal this year, he stated, "I think we have to carefully evaluate public feedback and then respond to the questions the SEC raises." He added, "We hope to move this forward as quickly as possible."

Nasdaq's proposal, submitted on September 8th, aims to allow investors to buy and sell stock tokens—digital representations of publicly traded company shares—on the exchange.

[PANews]