Nasdaq looks to ramp up tokenized securities efforts
Nasdaq CEO Adena Friedman wants to see tokenized securities come to the US markets “in a staged process.”
For many, the idea of trading tokenized securities on an exchange is a question of when, not if. Adena Friedman, Nasdaq’s CEO, is hoping that “when” is sooner than later.
Last month, Nasdaq proposed a rule change to the US Securities and Exchange Commission (SEC) that would allow the trading of equity securities and exchange-traded products in a “tokenized form” on the exchange. The proposed rule change, on an order-by-order basis, would let investors opt for shares bought to be settled in a
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