SEC don approve Nasdaq pilot for tokenized stock trading

U.S. SEC don approve Nasdaq pilot wey dey allow tokenized stock trading, so qualified participants fit trade and settle selected equities as tokens for the same venue wey traditional shares dey. The tokenized stock mean the same real-world asset, get the same rights, pricing, and investor protections like normal equities. The pilot na only for Russell 1000 constituents and major index-linked ETFs. Nasdaq bin file the proposal last September to improve market processes (including proxy voting) and e dey try support faster settlement workflows, while e redress SEC worries about market surveillance and possible pricing differences with amended safeguards. Nasdaq dey build the infrastructure with Kraken and tokenization platform Backed. The approval also follow wider momentum: DTCC tokenization initiatives and ICE (NYE owner) backing tokenized stocks through an OKX-supported project. For crypto traders, this no be spot-crypto catalyst, but e be regulatory milestone for tokenized securities. E fit strengthen the long-term RWA story and improve sentiment toward compliant tokenized trading infrastructure—mainly a medium- to long-term theme.