SEC approves Nasdaq's move to support tokenized securities trading

The SEC’s approval lets Nasdaq test blockchain-based versions of stocks that trade and settle like traditional shares. What to know : The Securities and Exchange Commission approved Nasdaq's plan to let certain securities trade in tokenized form, integrating blockchain technology into U.S. equity markets. Under the new framework, eligible Nasdaq participants can opt to settle trades as blockchain-based tokens that trade alongside traditional shares with the same tickers, prices and investor rights. Tokenization of stocks has emerged as a fast-growing sector, captivating major exchanges such as Nasdaq and NYSE parent ICE.