Nasdaq, one of the largest stock exchanges in America, is urgently seeking permission from the SEC to allow trading of stocks in the form of token (tokenized stocks), which means real stocks but digitized on the blockchain.
Nasdaq stated that they do not intend to change the entire current financial system. They only want to apply blockchain in a legal, safe, and compliant manner. If approved, Nasdaq will become one of the first exchanges to list stocks on the blockchain. This is seen as an important step to help tokenization technology gradually enter traditional finance.
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Nasdaq, one of the largest stock exchanges in America, is urgently seeking permission from the SEC to allow trading of stocks in the form of token (tokenized stocks), which means real stocks but digitized on the blockchain.
Nasdaq stated that they do not intend to change the entire current financial system. They only want to apply blockchain in a legal, safe, and compliant manner. If approved, Nasdaq will become one of the first exchanges to list stocks on the blockchain. This is seen as an important step to help tokenization technology gradually enter traditional finance.