The Nasdaq is pushing forward with plans to allow tokenized stocks on its platform, seeking approval from the SEC for this innovative approach. This initiative would empower users to trade U.S. equities in a more modern form, potentially revolutionizing equity markets. The proposal focuses on maintaining regulatory compliance while enhancing investor experiences through features like fractional ownership and all-hours trading, according to Nasdaq’s head of digital asset strategy, Matt Savarese. The exchange aims to streamline trading processes and boost participation by integrating these innovations into existing financial structures. 80% of SEC commissioners are said to be in favor of this proposal, which may potentially lead to wider integration of blockchain technology within finance. The potential for increased efficiency and accessibility is evident. The initiative’s success hinges on SEC approval, paving the way for a more streamlined and accessible investment experience in the future.