The Securities and Exchange Commission approved a proposal by Nasdaq Inc. (NASDAQ: NDAQ ) allowing certain stocks to be traded and settled in tokenized form on the exchange. SEC Greenlights Proposal For Blockchain-Based Stocks The SEC found that the proposal was “consistent” with the Securities Exchange Act of 1934 and rules governing national securities exchanges, according to a filing. The initial scope includes Russell 1000 constituents and exchange-traded funds that track the S&P 500 and Nasdaq 100 . Nasdaq proposed to the SEC in September that its member firms be permitted to tokenize “certain” equity securities and exchange-traded products. The proposed changes will enable investors to choose whether they want the ... Full story available on Benzinga.com
Nasdaq Secures SEC Approval To List Blockchain Version Of Stocks, Including S&P 500-Tracking ETFs
