{"content":"#NasdaqTokenizedTradingProposal Nasdaq has submitted a proposal to the U.S. Securities and Exchange Commission (SEC) to allow trading of tokenized securities on its main market. This move aims to integrate blockchain technology into the traditional stock exchange system, potentially revolutionizing the way securities are traded. *Key Points of the Proposal:* - *Tokenized Securities*: Nasdaq proposes to trade tokenized securities with the same material rights and privileges as traditional securities of an equivalent class. - *Same Order Book*: Tokenized securities would be traded on the same order book as traditional securities, following the same execution priority rules. - *Regulatory Compliance*: Nasdaq emphasizes the importance of maintaining the benefits and protections of the national market system, ensuring that tokenization does not compromise investor interests ¹ ². *Potential Impact:* - *Increased Efficiency*: Tokenization could improve liquidity in financial markets and reduce settlement times. - *Accessibility*: Tokenized securities could enable 24/7 trading, making it possible for investors to buy and sell securities at any time. - *Regulatory Challenges*: However, regulatory clarity remains a key challenge, and the proposal's success depends on the SEC's approval ³ ⁴. *Timeline:* - *2026 Target*: Nasdaq expects the first token-settled trades of securities to occur by the end of the third quarter of 2026, pending the Depository Trust Company's infrastructure readiness ¹.","images":[],"tags":[],"tradingPairs":[],"quotearticleid":0}