US SEC approves Nasdaq's plan to support tokenized securities trading

The U.S. Securities and Exchange Commission (SEC) has approved Nasdaq's plan to allow certain securities to be traded and settled in tokenized form. Under the new framework, eligible Nasdaq participants can choose to settle trades as blockchain-based tokens, which will share the same codes, prices, and investor rights as traditional stocks. Stock tokenization is becoming a rapidly growing field, attracting the attention of major exchanges including Nasdaq and ICE, the parent company of the New York Stock Exchange.