On Wednesday, March 18th, the U.S. Securities and Exchange Commission (SEC) approved Nasdaq’s proposal to allow certain stocks to be traded and settled in tokenized form. This marks the beginning of blockchain-based settlements integration into Main Street.
Ethereum has established itself as the primary infrastructure rail underpinning approximately 65% of all tokenized assets of real-world assets (RWA).
This allows listed stocks and exchange-traded products to trade in either traditional or tokenized form.
Tokenized trading would initially be limited to stocks in the Russell 1000 Index, and exchange-traded funds tracking major benchmarks such as the S&P 500 and the Nasdaq 100.
NYSE is also seeking regulatory approval for trading and on-chain settlement of tokenized securities utilizing a platform developed by Intercontinental Exchange (ICE).
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