The exchange operator is seeking approval from the US Securities and Exchange Commission to amend certain rules, including the definition of a security, that would allow stocks to be tokenized and traded on regulated venues like Nasdaq, according to a filing Monday. Any changes would have to be approved by the SEC and need to go through a comment period before implementation.
“The solution, which is detailed in the proposal, is simple, leverages the current infrastructure, and market structure,” Chief Financial Officer Sarah Youngwood said at the Barclays financial services conference on Monday.
