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SEC Plans Tokenized Stocks, Blockchain in Wall Street
Description
The SEC is developing a plan to allow tokenized stocks, digital versions of traditional stocks on blockchain tech, potentially revolutionizing Wall Streets entry into the digital asset space. This move aligns with the growing interest of major financial players in blockchain, as seen with DTCCs planned testing and Nasdaqs approved blockchain share system. The SECs head, Paul Atkins, is advocating for rules tailored to blockchain trading, signaling a shift towards integrating digital assets into the mainstream financial infrastructure.
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