Nasdaq’s blockchain proposal to SEC gets mixed reviews from peers
Public comment letters and interviews reveal that despite fervor for tokenization, industry stakeholders disagree on its value proposition.
A proposal put forth by Nasdaq in September is seeking approval from the US Securities and Exchange Commission to trade tokenized securities on the exchange.
The proposal would split Nasdaq’s definition of “security” to mean either their traditional form, digital representations of ownership and rights but without using a blockchain, or their tokenized form, digital representations of ownership and rights that uses blockchain technology.
As long as tokenized securities are fungible with, have the
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