Nasdaq Prioritizes Regulatory Approval for Tokenized Stocks Proposal
Nasdaq has filed a proposal with the SEC to introduce tokenized stocks, aiming to integrate blockchain technology into traditional markets without disrupting existing systems. Matt Savarese, Nasdaq's head of digital assets strategy, emphasized the exchange's commitment to swift regulatory compliance during a CNBC interview. "We'll just MOVE as fast as we can," he said, underscoring Nasdaq's proactive approach to SEC collaboration.
The proposal, submitted on September 8, seeks to offer stock tokens under current SEC frameworks rather than overhauling market infrastructure. Savarese clarified that the initiative focuses on controlled adoption, ensuring seamless integration with legacy systems. Nasdaq's strategy reflects a broader institutional shift toward digital assets, leveraging tokenization for efficiency without compromising regulatory standards.
