Nasdaq’s filing with the SEC to enable tokenized stock trading leverages blockchain technology, potentially allowing 24/7 markets and settling trades in tokenized form by Q3 2026, as supported by Reuters’ coverage of Nasdaq’s plan to integrate tokenized securities with traditional ones on the same order book.
This move aligns with the Trump administration’s crypto-friendly shift, marked by SEC Chair Paul Atkins’ “Project Crypto” initiative and the rescinding of restrictive crypto policies, a stark contrast to Biden-era crackdowns, with data from NPR showing Trump’s family gaining $5 billion from related crypto ventures.
Tokenization could reshape finance by merging TradFi with crypto, but raises concerns about regulatory gaps, as European tokenized stock trading has sparked oversight issues, and historical unregulated derivatives markets (e.g., 2008 crisis) suggest risks if not properly managed, per SEC historical analysis.
