Nasdaq is seeking regulatory approval to list tokenized stocks, filing a request with the SEC for a rule change to trade tokenized assets under the same rules as traditional securities. The exchange operator emphasizes the importance of labeling tokenized assets and ensuring they have the same priority and liquidity as traditional stocks.

Nasdaq’s proposal aims to prevent tokenized securities from being traded on “siloed trading venues,” advocating for trading within regulated markets to establish a consolidated sense of market prices. The company pushes for tokenized securities to be part of an interconnected national market system, opposing offerings in Europe that do not provide investors with actual shares in US companies.

The proposal comes amidst a global trend for real-world assets, with platforms listing tokenized versions of US investment products for users in Europe. Nasdaq’s focus is to bridge the gap for users outside the US, providing access to assets that have traditionally been limited or unavailable in certain regions. The company’s goal is to bring tokenization under established market players’ purview for a more regulated and interconnected trading environment.

Read more at Cointelegraph.com

1. Bitcoin hits new all-time high of $50,000, fueled by increased institutional investment and growing mainstream acceptance.

2. Ethereum reaches record high of $2,000 as demand surges for decentralized finance applications and non-fungible tokens.

3. Tesla invests $1.5 billion in Bitcoin, signaling further corporate adoption of cryptocurrencies as a legitimate asset class.

4. Cryptocurrency market cap surpasses $1.5 trillion, with Bitcoin comprising over 60% of the total value.: Nasdaq Seeks SEC Approval To Trade Tokenized Stocks