Nasdaq executives: We are fully committed to advancing our tokenized stock plan and have prioritized SEC approval.

According to Odaily, Matt Savarese, Head of Digital Asset Strategy at Nasdaq, stated that the exchange considers SEC approval of its tokenized stock proposal a top priority and will "speed it up as quickly as possible." The proposal, submitted on September 8th, aims to allow investors to trade tokenized assets based on shares of publicly traded companies on the Nasdaq platform.

Savarese emphasized that Nasdaq is not attempting to "disrupt the existing system," but rather hopes to promote tokenized assets into the mainstream in a "responsible and investor-oriented" manner within the SEC regulatory framework. He stated that the plan will be continuously improved based on public feedback and regulatory issues.

The report points out that tokenized stocks have become a key topic of discussion in the crypto industry this year. In September, Galaxy Digital announced it had become the first Nasdaq-listed company to tokenize its equity on a major blockchain. However, many industry insiders are cautious about the potential value increment that tokenized stocks could bring to the crypto ecosystem, believing that if tokenized assets primarily operate on various Layer 2 networks, the potential for value to flow back to Ethereum and the broader crypto market may be limited. (Cointelegraph)