Nasdaq Gets SEC Green Light to Trade and Settle Stocks as Tokenized Securities

TLDR: SEC approved Nasdaq’s proposal to allow Russell 1000 stocks and major ETFs to trade in tokenized form. Tokenized trades on Nasdaq will still settle through the Depository Trust Company under existing securities laws. ICE, the parent of NYSE, is also developing an on-chain settlement platform and awaiting its own regulatory approval. First token-settled trades [...]

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