The NASDAQ officially filed a request to the SEC to authorize the negotiation of shares and ETP in token form. An advance that could upset Wall Street and accelerate the integration of blockchain into traditional financial markets.
In short
- The NASDAQ officially files a request to the SEC to negotiate token titles on its main platform.
- This proposal would mark the first authorization to negotiate token titles on a large US scholarship.
- Coinbase and several major world banks explore similar initiatives in the tokenization.
Tokenized titles, the NASDAQ begins an official procedure
The NASDAQ submitted a major proposal to the Securities and Exchange Commission (SEC) American on Monday.
Its objective is clear: modify its negotiation rules in order to authorize the exchange of listed shares and products negotiated on the stock market, not only in their traditional form, but also in a token version, directly on its main market.
This approach is an extension of the regulatory agenda recently published by the SEC, which already plans to adapt its rules to allow the rating of cryptos on national scholarships. Thus, the NASDAQ's proposal is part of a broader movement of revision of the American regulatory framework.
In addition, in a Interview published on the Nasdaq websiteChuck Mack, the main vice-president responsible for strategic operations, said that these adjustments would offer members and investors the possibility of negotiating stocks and ETPs in token version. A reform presented as a decisive step towards a new era of integration between traditional finance and blockchain.
In addition, the NASDAQ insists on preserving existing regulatory safeguards. The displayed objective is to modernize the market infrastructure by exploiting the assets of blockchain without weakening the protection of investors.
An observation shared by Vugar Usi Zade, Director of Operations at Bitget:
This initiative could integrate tokenization into traditional portfolios, attracting both conservative investors and those who master technologies. At the same time, it announces the development of hybrid exchange models that combine the reliability of centralized platforms with the transparency and efficiency of the blockchain.
A financial ecosystem in full change
Tokenization draws attention far beyond Wall Street. Coinbase has already requested authorization to offer token actions, while Bank of America and Citigroup also explore the subject. Institutional investors, they see it as a means of fluidifying global liquidity.
However, everything is not acquired. The World Economic Forum warns of two major obstacles: a lack of liquidity on the secondary market and the absence of a clear international standard. The World Scholarship Federation calls for caution, evoking the risk of systemic imbalances.
For regulators, the line is fine. The SEC Commissioner, Hester Peirce, recalls that the tokenized titles cannot bypass existing laws. The Nasdaq is aware of this : He insists that these instruments will only be assimilated to their classical counterparts if they give the same economic and political rights.
In short, the NASDAQ opens a decisive breach in the history of the financial markets. If the SEC validates its proposal, the first tokenized titles could emerge by the end of 2026. Between promises of efficiency and regulatory concerns, this advance illustrates the strategic turn of Wall Street towards a more digital finance. The next few months will be crucial to find out if this ambition will actually be translated.
Maximize your Cointribne experience with our 'Read to Earn' program! For each article you read, earn points and access exclusive rewards. Sign up now and start accumulating advantages.
