The Securities and Exchange Commission (SEC) has approved a rule change proposed by Nasdaq in September 2025, paving the way for the trading of tokenized securities on its platform. This landmark decision marks a significant step towards integrating blockchain technology into mainstream U.S. equity markets. The pilot program will initially include securities within the Russell 1000 Index, as well as ETFs tracking the S&P 500 and Nasdaq-100. Participants will have the option to trade securities in either traditional or tokenized form, with both maintaining price parity and identical ticker symbols. Settlement will be handled by the Depository Trust Company (DTC).
The SEC approval follows stakeholder input regarding market monitoring and potential price discrepancies, which Nasdaq addressed through amended proposals. The move is part of a broader industry trend as exchanges seek to capitalize on the growing tokenization boom. First trades are anticipated by the end of Q3 2026. While the Fed held rates steady amid inflation concerns, Bitcoin briefly dipped before rebounding, demonstrating continued market appetite.
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