SEC Greenlights Nasdaq to Trade Tokenized Securities
Nasdaq gets regulatory approval to let certain securities trade as tokens in a pilot program.
The SEC just gave Nasdaq the green light to shake up how securities trade. A newly approved rule change lets the exchange offer certain securities in tokenized form — a meaningful step toward merging traditional finance with blockchain-era infrastructure.
The rollout won't be a free-for-all. Nasdaq will run a pilot program where eligible participants can settle trades using tokenized versions of securities. The Depository Trust Company will operate the pilot, keeping the existing settlement plumbing in the loop.
This isn't some crypto exchange experiment. It's a major U.S. stock exchange getting explicit regulatory blessing to tokenize real securities. The move signals that tokenization is graduating from DeFi talking point to Wall Street reality.
Details on which securities qualify and the pilot timeline remain limited, but the regulatory framework is now officially in place.