Episode Details

Nasdaqs Tokenized Stocks: A Major Leap Towards Blending Digital Tech with Traditional U.S. Equity Markets

The U.S. Securities and Exchange Commission has approved Nasdaqs plan to trade certain stocks in tokenized form on blockchain, marking a significant step towards integrating digital technology with traditional U.S. equity markets. This move builds on a pilot program from the Depository Trust Company, which will manage clearing and settlement for these tokenized trades. Tokenized shares will list alongside regular ones on the same order book, trading at identical prices with the same rights, tickers, and identification codes. This approval taps into the booming trend of tokenizing real-world assets like stocks and bonds, enabling near-instant trades around the clock and promising smoother, faster access for global investors. Nasdaq is partnering with crypto platform Kraken to roll out tokenized stocks worldwide, while the New York Stock Exchanges parent company invests in another exchange for similar launches.

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