NEW YORK / LONDON (IT BOLTWISE) – The Nasdaq exchange plans to offer tokenized versions of stocks to revolutionize trading. This initiative could fundamentally change the way investors trade stocks. Approval from the US Securities and Exchange Commission is still pending, but Nasdaq is pushing for quick implementation.
Today’s daily deals at Amazon! ˗ˋˏ$ˎˊ˗
The Nasdaq stock exchange in the US is aiming to gain approval from the US Securities and Exchange Commission (SEC) for its plan to offer tokenized versions of stocks. These digital representations of stocks could fundamentally transform trading and increase accessibility for investors. Matt Savarese, the head of digital assets strategy at Nasdaq, emphasized in an interview that the exchange wants to move forward as quickly as possible.
Nasdaq filed a proposal on September 8 that would allow investors to buy and sell stock tokens on the exchange. Savarese clarified that Nasdaq does not intend to revolutionize the existing system, but rather aims to bring tokenization into the mainstream. This is intended to be done in a responsible, investor-led manner that complies with SEC rules.
The discussion about tokenized stocks has caused a stir in the crypto industry. While some experts like Galaxy Digital CEO Mike Novogratz see tokenization as a significant step forward, there are also skeptical voices. Rob Hadick of crypto venture firm Dragonfly expressed concerns that tokenized stocks may not bring the hoped-for benefits to the crypto industry.
Nasdaq sees itself as an innovator in the financial sector and would like to take a further step towards the digitalization of financial markets with the introduction of tokenized stocks. The exchange has already been a pioneer in switching from paper-based to electronic trading. The SEC approval is seen as a crucial step in advancing the tokenization of stocks in the US.
Order an Amazon credit card without an annual fee with a credit limit of 2,000 euros!
Bestseller No. 1 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 2 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 3 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 4 ᵃ⤻ᶻ «KI Gadgets»
Bestseller No. 5 ᵃ⤻ᶻ “KI Gadgets”
Please send any additions and information to the editorial team by email to de-info[at]it-boltwise.de. Since we cannot rule out AI hallucinations, which rarely occur with AI-generated news and content, we ask you to contact us via email and inform us in the event of false statements or misinformation. Please don’t forget to include the article headline in the email: “Nasdaq plans to tokenize stocks: A step into the future of financial markets”.