Nasdaq Seeks SEC Approval to Integrate Tokenized Stocks

The Nasdaq is pushing forward with its plan to list tokenized stocks within the existing U.S. securities framework, not as a replacement for traditional stock markets. The company is seeking approval from the SEC to implement its new tokenization framework, and this decision will ultimately determine whether Nasdaq can proceed with its plans. This proposal has sparked diverse reactions within the crypto industry: some view it as a bridge connecting blockchain technology to mainstream finance, while others believe it benefits Wall Street more than the crypto economy. ]