The U.S. Securities and Exchange Commission (SEC) has initiated an official review process that could shape the future of coded stocks on Nasdaq and place blockchain-based securities under closer supervision. By soliciting public comments on proposed rule changes for Nasdaq, the SEC is evaluating whether digital versions of stocks can operate within the current market framework without undermining investor protection.
Nasdaq is seeking approval to list and trade stocks and ETF products in tokenized form alongside traditional stocks. According to the proposal, both forms will share an order book, have equivalent shareholder rights, and still settle and clear through DTCC. Blockchain technology is primarily aimed at improving operational efficiency and shortening settlement times.
This review could significantly impact the speed of blockchain adoption in the mainstream stock market.
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Stocks listed on the Nasdaq face significant regulatory challenges from the SEC
The U.S. Securities and Exchange Commission (SEC) has initiated an official review process that could shape the future of coded stocks on Nasdaq and place blockchain-based securities under closer supervision. By soliciting public comments on proposed rule changes for Nasdaq, the SEC is evaluating whether digital versions of stocks can operate within the current market framework without undermining investor protection.
Nasdaq is seeking approval to list and trade stocks and ETF products in tokenized form alongside traditional stocks. According to the proposal, both forms will share an order book, have equivalent shareholder rights, and still settle and clear through DTCC. Blockchain technology is primarily aimed at improving operational efficiency and shortening settlement times.
This review could significantly impact the speed of blockchain adoption in the mainstream stock market.