[Nasdaq Submits Proposal for Tokenized Stock Trading] Nasdaq has submitted a proposal to the SEC, aiming to allow tokenized securities to be listed and traded on the exchange, provided they possess the same legal effect and shareholder rights as the underlying securities. Tokenized assets must have clearly defined attributes to ensure smooth settlement and enjoy the same order priority as traditional securities. This move is seen as a significant step toward the legalization of tokenized stocks. Additionally, Strategy Company, due to its massive Bitcoin holdings, may be poised to join the S&P 500 Index. Meanwhile, Ark Invest has increased its holdings in Bitmine Immersion stock, and U.S. lawmakers have introduced a bill to promote Bitcoin reserve management. The market is witnessing an accelerated convergence between traditional finance and the crypto market.