Nasdaq: SEC Approval of Its Tokenized Stock Plan Seen as Top Priority

BlockBeats News, November 30th, Nasdaq's Head of Digital Assets Strategy, Matt Savarese, stated that they consider the SEC approval of their tokenized stock plan a top priority and will "move it forward as quickly as possible." The team now needs to focus on evaluating public feedback. Nasdaq's goal is not to overturn the existing securities system but to enable everyone to participate in this journey and bring tokenization into the mainstream. Nasdaq hopes to advance all of this in a responsible and investor-centric manner within the SEC's regulatory framework.

Previously, Nasdaq had formally submitted a rule change proposal to the SEC, seeking to allow regulated trading platforms to support tokenized stocks and ETF trading on its exchange. If approved, this proposal would make the U.S. mainstream securities exchange the first to legitimately offer on-chain securities trading alongside traditional stocks.