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Nasdaq: has prioritized the SEC approval of its tokenization stock plan.

On November 30, Matt Savarese, Head of Digital Asset Strategy at Nasdaq, stated that the approval of its tokenization stock plan by the SEC is a top priority and that they will “accelerate progress as much as possible”. The team now needs to focus on evaluating public feedback. Nasdaq is not looking to overturn the existing securities system but hopes that everyone can participate in this journey and bring tokenization into the mainstream. Nasdaq aims to advance all of this in a responsible and investor-centric manner under the SEC's regulatory framework. Previously, Nasdaq had formally submitted a rule change proposal to the SEC, seeking to allow regulated trading platforms to support tokenized stock and ETF trading on their main boards. If approved, this proposal would make mainstream U.S. securities trading platforms among the first to legally offer on-chain securities trading alongside traditional stocks.

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