Regulatory Approvals Drive Tokenized Asset Trading Initiatives on Major Exchanges
What happened
The US Securities and Exchange Commission approved Nasdaq's pilot proposal on March 18 to support the trading of tokenized versions of high-volume stocks and securities. Separately, the New York Stock Exchange partnered on March 24 with Securitize to develop blockchain-based trading infrastructure for Wall Street, including tokenized shares and exchange-traded funds. This initiative is part of Intercontinental Exchange's larger plan to establish a tokenized securities venue offering 24/7 trading, instant settlement, and stablecoin-based funding.
From cointelegraph.com
Why it matters
The sector has attracted significant investment, including a $355 million funding round for Digital Asset Holdings. This company's platform is already being piloted by major financial institutions such as Goldman Sachs, BNP Paribas, and Standard Chartered.
From cointelegraph.com
Who's involved
- New York Stock ExchangeThe New York Stock Exchange is partnering to develop blockchain infrastructure for tokenized shares and ETFs.
- NasdaqNasdaq received SEC approval for a pilot proposal regarding tokenized high-volume stocks.
- Intercontinental ExchangeIntercontinental Exchange is leading the initiative to create a tokenized securities venue with 24/7 trading and instant settlement.
How it developed
Newest first. Tap a step to see who reported it.- ICE and NYSE are partnering to offer tokenized U.S. stocks and ETFs, pending regulatory approval.Sub-event
- OKX and Intercontinental Exchange announced a joint venture for tokenized equities, following SEC approval.Sub-event
- Tokenized stock trading is gaining traction and advancing plans across major exchanges.Sub-event
Regulatory approval is enabling tokenized asset trading.1 source
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The entities involved
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New York Stock Exchange
American stock exchange
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Nasdaq
American fully electronic stock exchange
Related events
- Tokenization is viewed as a technology that has the potential to enhance overall market efficiency.
- Payward and Nasdaq are developing infrastructure for a launch of tokenized securities.
- Market trading activity is subject to oversight by the Securities and Exchange Commission.
- Elutia is trading on the Nasdaq stock exchange and requires regulatory clearance from the FDA for product launches.
- Coinbase awaits clearer rules from the SEC as Chair Paul Atkins pushes innovation exemptions for tokenized assets, with Nasdaq building supporting platforms.