Nasdaq receives SEC nod for trading in tokenized securities

The U.S. Securities and Exchange Commission on Wednesday approved a Nasdaq proposal ‌to allow certain stocks to be traded ‌and settled in tokenized form, according to a regulatory filing, ​marking a step toward integrating blockchain-based settlements into mainstream equity markets. The move would allow investors to trade high-volume ⁠stocks as traditional shares or as blockchain-based digital tokens to be settled through the Depository Trust Company. Nasdaq ​had ​filed a proposal with ​the SEC in September ‌to amend its rules to allow listed stocks and exchange-traded products to trade on its main market in either traditional or tokenized form.