Nasdaq executives: We are fully promoting the tokenization of stocks plan, and have prioritized SEC approval as the highest priority.

Odaily News Nasdaq's digital asset strategy head Matt Savarese stated that the exchange has prioritized the SEC approval of its tokenized stock plan and will “accelerate the process as much as possible.” The proposal was submitted on September 8, aiming to allow investors to trade tokenized assets based on publicly listed company shares on the Nasdaq platform. Savarese emphasized that Nasdaq is not trying to “disrupt the existing system,” but hopes to promote tokenized assets to the mainstream in a “responsible, investor-oriented” manner within the SEC regulatory framework. He indicated that the plan will be continuously refined based on public feedback and regulatory issues. Reports noted that tokenized stocks have become one of the key discussion points in the crypto industry this year. In September, Galaxy Digital announced it would be the first Nasdaq-listed company to tokenize its equity on a major blockchain. Additionally, many industry professionals are cautious about the potential value addition that tokenized stocks could bring to the crypto ecosystem, suggesting that if tokenized assets primarily operate on various layer two networks, the space for value to flow back to Ethereum and the broader crypto market may be limited. (Cointelegraph)