Nasdaq, the leading exchange in the US, has prioritized its proposal to the SEC to allow public companies to trade tokenized shares on its platform. In an interview with CNBC, Head of Digital Asset Strategy Matt Savarese emphasized close cooperation with regulators, stating, "We will move as quickly as possible." The proposal submitted in September 2025 envisions blockchain-based stock tokens being traded on the same ticker and order book as traditional trading.

This innovation aims to integrate traditional finance with blockchain by offering benefits such as fractional ownership, 24/7 trading, and fast on-chain settlement. Supported by SEC Chairman Paul Atkins' prioritization of tokenization, this process has hopes for approval by the end of the year. Savarese has promised to maintain investor protection by emphasizing responsible innovation without disrupting existing systems. The rapidly accelerating wave of tokenization, led by companies like Galaxy Digital, is expected to see a large influx into the crypto ecosystem in Q3 2026, with a market capitalization reaching $10 trillion. Nasdaq's move could be a turning point in Wall Street's digital transformation.
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