Nasdaq backs tokenized stocks, but it is warning the SEC that the wrong rules could split US markets into isolated pools.
• Nasdaq's Nov. 5 letter urges technology-neutral SEC rules for tokenized securities
• It warns non-interoperable blockchains could create liquidity silos with diverging prices
• It asks for interoperability with existing settlement systems and fungible records
Why it matters: How the SEC writes transfer agent rules will shape how US stocks move on-chain.
Source: Nasdaq comment letter to the SEC
Not financial advice.
💬 Should tokenized stocks be forced to stay interchangeable with traditional shares?
#Tokenization #RWA #SEC
• Nasdaq's Nov. 5 letter urges technology-neutral SEC rules for tokenized securities
• It warns non-interoperable blockchains could create liquidity silos with diverging prices
• It asks for interoperability with existing settlement systems and fungible records
Why it matters: How the SEC writes transfer agent rules will shape how US stocks move on-chain.
Source: Nasdaq comment letter to the SEC
Not financial advice.
💬 Should tokenized stocks be forced to stay interchangeable with traditional shares?
#Tokenization #RWA #SEC