Overview
- Digital assets chief Matt Savarese said the initiative is a top priority and that Nasdaq will work as fast as possible with the SEC.
- Nasdaq filed the proposal on September 8 and the plan is now in a public comment period with timing tied to regulator feedback.
- The framework would create blockchain-based tokens that mirror publicly listed shares with trading and settlement recorded on-chain.
- Nasdaq stresses it is not trying to upend market structure and intends to operate fully within current SEC rules.
- Rival efforts are advancing, with Galaxy Digital tokenizing its equity on Solana earlier this year, adding pressure for regulatory clarity.