Nasdaq Applies for Approval from the U.S. SEC for Stock Tokenization
According to reports, the Nasdaq Stock Exchange hopes to introduce stocks into the blockchain space with the approval of the U.S. Securities and Exchange Commission (SEC). According to the application documents, the market can maintain the advantages and safeguards provided by the national market system while introducing tokenization technology. Tokenized assets will be traded in regulated markets, covering national securities exchanges, alternative trading systems, and more. Nasdaq stated that it views this business as regular stock trading, and the trading, clearing, and settlement of tokens will be conducted through a custodial trust company. Investors purchasing tokens will receive all rights related to the underlying stocks, including voting rights and liquidation rights.
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