tldr; Nasdaq is prioritizing SEC approval for its proposal to offer tokenized versions of stocks listed on its exchange. Matt Savarese, Nasdaq’s head of digital assets strategy, stated the exchange aims to move quickly and responsibly under SEC rules. The proposal, submitted on Sept. 8, seeks to allow digital representations of shares to be traded. Nasdaq emphasizes innovation without disrupting the current system, aiming to bring tokenization into the mainstream. Tokenized stocks have been a major topic in the crypto industry, with mixed opinions on their impact.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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tldr; Nasdaq is prioritizing SEC approval for its proposal to offer tokenized versions of stocks listed on its exchange. Matt Savarese, Nasdaq’s head of digital assets strategy, stated the exchange aims to move quickly and responsibly under SEC rules. The proposal, submitted on Sept. 8, seeks to allow digital representations of shares to be traded. Nasdaq emphasizes innovation without disrupting the current system, aiming to bring tokenization into the mainstream. Tokenized stocks have been a major topic in the crypto industry, with mixed opinions on their impact.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.