News list for "NASDAQ Tokenization"
Nasdaq's chief executive, Adena Friedman, said the upcoming tokenised securities exchange, while offering the potential to speed up settlement, would initially follow traditional settlement times. Traders could choose to settle in the traditional way or through a digital wallet infrastructure. Nasdaq is working with DTC and plans to offer trading of digital securities on only a handful of blockchains initially. In the long term, Ms Friedman noted, tokenisation could improve collateral liquidity ...
Ondo Finance has sent a letter to the Securities Exchange Commission (SEC) asking for more details of the settlement mechanism before approving Nasdaq's proposal to support tokenized stocks and ETFs, which would process "tokenized securities" through the Depository Trust Corporation (DTC) clearing system. Ondo said that tokenization is ushering in a new phase of financial innovation and should be advanced through open collaboration and transparency standards, and called on the SEC to review furt...
