According to Deep Tide TechFlow news on November 30, as reported by Cointelegraph, Matt Savarese, the head of Nasdaq's digital asset strategy, stated that the exchange has prioritized the SEC approval of its tokenization stock plan and will “accelerate the process as much as possible”; the team now needs to focus on evaluating public feedback.
Savarese emphasized that Nasdaq is not looking to overturn the existing securities system: “We are not trying to overturn the whole system; we want everyone to be part of this journey and bring tokenization into the mainstream. We want to advance all of this in a responsible and investor-centric manner within the SEC's regulatory framework.”
Previously, Nasdaq has officially submitted a rule change proposal to the SEC (SR-NASDAQ-2025-072), aimed at allowing regulated exchanges to support tokenized stock and ETF trading on their main boards. If approved, this proposal will make the major U.S. securities exchanges among the first platforms to legally offer on-chain securities trading alongside traditional stocks.
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