Nasdaq executive: Tokenized stock plan is being actively advanced, with SEC approval listed as the top priority

ChainCatcher reported that Matt Savarese, Head of Digital Asset Strategy at Nasdaq, stated that the exchange has made obtaining SEC approval for its tokenized stock proposal a top priority and will "accelerate the process as much as possible." The proposal aims to allow investors to trade tokenized assets based on publicly listed company shares on the Nasdaq platform.

Savarese emphasized that Nasdaq is not attempting to "disrupt the existing system," but rather hopes to promote tokenized assets into the mainstream in a "responsible, investor-oriented" manner under the SEC regulatory framework. He stated that the proposal will continue to be refined based on public feedback and regulatory issues.

The report pointed out that tokenized stocks have become one of the key topics of discussion in the crypto industry this year. In September, Galaxy Digital announced that it had become the first Nasdaq-listed company to tokenize its equity on major blockchains. In addition, many industry participants remain cautious about the incremental value that tokenized stocks may bring to the crypto ecosystem, believing that if tokenized assets mainly operate on various Layer 2 networks, the value flowing back to Ethereum and the broader crypto market may be limited.