NASDAQ submitted an application on September 8 to the Securities and Stock Exchange Commission (SEC) for the launch of sticenized trading in securities on its platform. This is a breakthrough?
Nasdaq wants tokenization?
As reported by Reuters, the NASDAQ application regarding SEC issuing consent to modify the regulations, as a result of which it will be possible to trade actions listed on the stock exchange and ETF products on the primary market in the “traditional digital or tokenized form”. In other words, it is a gate to launch tokenized assets.
Nasdaq is the first such large stock exchange in the USA, which is applying for the formal consent of the regulatory bodies to trade in tokenized securities.
Everything happens after SEC announced that it has a plan to start legislative work, which would include potential changes allowing for the rotation of cryptocurrencies on the National Securities Exchange.
The market wants changes
In the US, officials try to respond to investors. The toxicized securities sector developed significantly in 2025 – its market capitalization increased by 43.3%, exceeding USD 420 million. The US can see a chance in the development of this sector.
Proponents of tokenization claim that it will improve liquidity in financial systems, reduce the time of settlements and increase the availability of capital.
Today, among others Bank of America and Citi are considering introducing tokenized assets, including Stablecoin. Coinbase, the largest American cryptocurrency exchange, has previously applied for the SEC (Securities and Exchange Commission) permit to offer customers to “toxled actions”.
However, not everyone is so open to news. And I do not mean Polish authorities. The World Federation of Stock Exchange (WFE) is on “NO”. It is an organization associating the largest and best organized securities exchange in the world. Its main goal is to determine and promote standardized regulations regarding shares, Futures contracts and other financial instruments. She recently made public to the regulatory bodies, expressing concern that the tokenized actions “imitate” shares without providing equivalent rights or commercial security. The letter was addressed to the team for cryptocurrencies SEC, European Stock and Securities Supervision Office and the IOSCO financial technology team.
