The post Nasdaq Pushes for SEC Approval to List Tokenized Stocks appeared on BitcoinEthereumNews.com.

BlockchainFintech A quiet rivalry is forming at the intersection of traditional markets and blockchain. Crypto firms see tokenization as the Trojan horse that brings Wall Street onto public blockchains. Key Takeaways: Nasdaq wants tokenized stocks to operate inside the traditional securities system, not replace it. The SEC decision will determine whether Nasdaq can move forward with its tokenization framework. The crypto industry is split — some see tokenization as a bridge to blockchain, others as a win for Wall Street more than crypto. Wall Street, meanwhile, is trying to ensure tokenization doesn’t reshape its hierarchy — and Nasdaq is now openly positioning itself to lead that version of the future. Rather than treating tokenized equities as a crypto-native product, Nasdaq wants the model to function inside the existing structure of U.S. securities law. The goal is not to migrate capital away from the stock market — but to upgrade the stock market using blockchain rails. That vision was outlined by Matt Savarese, head of digital asset strategy at Nasdaq, who said the exchange is pressing for rapid approval of its tokenized-stock framework. The message from Nasdaq is clear: tokenization should look like the stock market, not like DeFi. SEC Approval Is the Gatekeeper The exchange filed its rule-change proposal on September 8 and is now waiting for regulatory response. Savarese told CNBC that every round of public comments and SEC requests will be handled as fast as possible, and that cooperation rather than confrontation is the strategy. Nasdaq has avoided framing tokenization as a revolution — a notable contrast to some voices in the crypto industry. Instead, the exchange is emphasizing continuity: tokens simply represent shares already listed on the exchange. Nothing about investor protections, disclosure requirements or listing rules is meant to change. In other words, Nasdaq is betting…

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Filed under: News - @ November 30, 2025 3:22 pm