In an important step for US financial markets, the US Securities and Exchange Commission approved Nasdaq’s proposal to enable securities trading in tokenized form. This development connects traditional Wall Street with blockchain technology.
Officially organized consent The rule was changed on March 18, following a proposal originally made by Nasdaq in September 2025 and later revised in January 2026.
SEC approval arrived the same day The Federal Reserve kept interest rates steady. also, Jerome Powell indicated that interest rate cuts are not coming Unless there is a clear advance in inflation, sending Bitcoin sharply below $71,000 before a rebound occurs.
The timing shows a broader tension: blockchain technology is moving deeper into the mainstream even so Cryptocurrency markets face significant headwinds.
Same ticker, same price: How Nasdaq tokenized securities will work
Token shares will trade alongside standard shares on the same order books, with identical indices and prices and the same rights and privileges as holders of traditional securities. This means that investors will not see any functional difference on a superficial level.
“The move will allow participants to choose to trade in Russell 1000 stocks, as well as ETFs tracking the S&P 500 and Nasdaq 100 indexes, which are settled as tokenized securities instead of traditional methods,” said journalist Eleanor Territt. male On X.
Mechanics are optional. Eligible market participants who wish to settle a trade in token form must select a specific token when entering an order, and communicate their blockchain and digital wallet preferences to the Depository Trust Company (DTC), which will then implement the token preferences.
DTC remains central to the process, operating under a pilot program approved under a no-action letter in December 2025.
Most importantly, Nasdaq’s matching engine and trading procedures have not changed. All current order types, routing strategies, fee schedules, and market monitoring mechanisms apply equally to both token and traditional stocks.
The approval comes amid ongoing… Discuss the law of claritylegislation aimed at creating a comprehensive regulatory framework for cryptocurrencies.
One observer on X It was seized The mood is clear: “With or without the law of clarity, we move forward.“
Nasdaq will issue an alert to the stock trader at least 30 calendar days before the token begins trading. This gives market participants time to prepare.
This initiative is expected to come into effect once DTC establishes the required infrastructure and post-trade settlement services.
