Nasdaq is developing a tokenized stock model, where companies issue tokens that are directly integrated into the official shareholder registry. This approach helps tokenized stocks have legal value equivalent to traditional securities while leveraging blockchain to speed up settlement processes.
In Asia, the Hong Kong Monetary Authority is expected to issue the first stablecoin licenses this month, with potential applicants including HSBC and Standard Chartered. The new regulatory framework allows traditional banks to issue stablecoins within a tightly regulated environment.
In the US, the SEC is considering exemption mechanisms to enable limited trading of certain tokenized securities, paving the way for blockchain-based experimental markets.
Meanwhile, crypto platforms are beginning to offer trading products for traditional assets like oil 24/7. According to the World Economic Forum, tokenizing real assets could help businesses in emerging markets access capital more easily in the future.