Nasdaq Seeks SEC Approval for Tokenized Stocks and ETFs
Nasdaq has filed for SEC approval to trade tokenized stocks and ETFs on a single order book alongside traditional equities.
The proposal, slated for Q3 2026, would leverage blockchain for on-chain settlement while preserving full shareholder rights, including dividends and voting.
The move follows similar initiatives by Coinbase, Galaxy Digital, and JPMorgan as regulators like the SEC and Congress debate digital asset rules and custody frameworks.
Success hinges on regulatory clarity, central clearing infrastructure updates by the DTCC, and market adoption driven by trading efficiency.
If SEC approval is granted, these tokenized stocks could set a global precedent and accelerate institutional blockchain integration in capital markets.
Neutral
This development has a neutral impact on crypto trading. In the short term, the requirement for SEC approval and infrastructure readiness delays any immediate effect on blockchain demand or cryptocurrency prices. Over the long term, successful trading of tokenized stocks could bolster institutional blockchain adoption, but regulatory and technical hurdles suggest a gradual rather than abrupt market shift.