Nasdaq is asking U.S. regulators to approve a rule change that could allow the exchange to list and trade tokenized versions of stocks, marking one of the most ambitious attempts yet to bring blockchain technology into the heart of American equity markets.
In a filing submitted Monday, the world’s second-largest stock exchange requested the Securities and Exchange Commission (SEC) amend existing rules, including the definition of a security, to permit tokenized stocks to be traded under the same execution and documentation requirements as traditional equities.
The proposal would still require a public comment period and SEC approval before any changes could take effect.
