Nasdaq is working with US regulators to introduce the trading of tokenised securities.
If approved, Nasdaq will be the first to allow the trading of tokenised securities on a major US exchange, bringing blockchain-based settlement into the national market system.
“Our goal is to incorporate the technology within existing market frameworks to reinforce the standards that make our markets strongest in the world: fairness, resilience and investor protection,” said Tal Cohen in a social media post.
“We are confident that as an industry, together, we can deliver on the promise of innovative technologies in a manner that benefits all market participants.”
If approved, listed shares could trade in two ways: traditional digital trading and on chain.
“The integration of tokenisation and blockchain technology alongside traditional market infrastructure presents an exciting leap forward for the global financial system,” added Cohen in his post.
“Significant advancements and successful applications of the technology are emerging across a range of asset classes, and tokenised securities are among the most closely watched developments.”
The filing follows the SEC’s new rulemaking agenda, which includes a potential amendment of its rules to allow crypto to be traded on national securities exchanges and alternative trading systems.
