Nasdaq is working to launch tokenized securities trading

Odaily Planet Daily News: As the Trump administration relaxes cryptocurrency regulations, exchange operator Nasdaq is working with US regulators to introduce tokenized securities trading, becoming the latest major financial company on Wall Street to make a strong bet on the token boom. If approved, this will be the first time that tokenized securities have been allowed to trade on a major US stock exchange. Nasdaq submitted a proposal to the US Securities and Exchange Commission (SEC) on Monday, proposing to adjust the rules to allow listed stocks and exchange-traded products (ETPs) to be traded on Nasdaq's main market in "traditional digital or tokenized form." Nasdaq stated in the document that it believes the market can use tokenization while "continuing to provide the benefits and protections of a national market system." A few days ago, the US Securities and Exchange Commission (SEC) announced its rule-making agenda for the coming months, which includes possible revisions to the rules to allow cryptocurrencies to be traded on national securities exchanges and alternative trading systems. (Jinshi)