On November 30, Matt Savarese, Head of Digital Asset Strategy at Nasdaq, stated that obtaining SEC approval for its tokenized stock proposal is a top priority and will be pursued "as quickly as possible." The team now needs to focus on evaluating public feedback. Nasdaq is not aiming to overturn the existing securities system, but rather to involve everyone in this journey to bring tokenization into the mainstream. Nasdaq hopes to advance this process responsibly and in an investor-centric manner within the SEC's regulatory framework.
Previously, Nasdaq had formally submitted a rule change proposal to the SEC, seeking to allow regulated trading platforms to support tokenized stocks and ETFs trading on their main boards. If approved, this proposal would make major U.S. securities trading platforms among the first to legally offer on-chain securities trading alongside traditional stocks.
