Nasdaq Launches Tokenized Stocks Pilot, SEC Eyes Crypto Exemptions
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Nasdaq receives SEC approval for tokenized stocks pilot program, allowing digital versions of shares to trade alongside traditional stocks. High-volume securities from the Russell one thousand index and ETFs tracking S and P five hundred and Nasdaq one hundred indexes are included. Tokenization aims to speed up settlements and test extended trading hours. Nasdaq partners with Kraken for blockchain use, while NYSEs parent invests in another crypto platform. SEC plans public comments on crypto exemptions, potentially opening more doors for blockchain in finance.
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