Nasdaq Pushes Tokenized Stocks as Traditional Finance Warms to Crypto Assets
Wall Street's embrace of blockchain technology accelerates as Nasdaq prioritizes tokenized securities. Matt Savarese, president of Nasdaq Digital Assets, confirms the exchange is fast-tracking initiatives to bring regulated tokenized stocks to market. The MOVE follows BlackRock's BUILD tokenized bond and similar products from Franklin Templeton as trillion-dollar institutions increasingly adopt public blockchain networks.
Tokenization promises 24/7 global trading, cold storage custody solutions, and enhanced liquidity for traditional equities. While crypto-native exchanges may face short-term liquidity pressure, the long-term convergence of traditional and digital markets appears inevitable. "We're implementing this with appropriate SEC oversight," Savarese notes, signaling institutional-grade compliance standards.
