SEC clears Nasdaq to trade tokenized securities, opening U.S. markets to blockchain-based stocks

The SEC has approved a rule change that allows Nasdaq to list and trade securities in tokenized form, authorizing blockchain-based versions of stocks to trade and settle within the exchange’s market structure ^{[1] [2]}.

Nasdaq’s proposal, first submitted in September 2025, underwent review and two amendment rounds before receiving final approval; the change permits tokenized securities to trade alongside traditional shares and maintain equivalent rights under the approved framework ^{[1] [3] [4]}.

Market coverage describes the decision as a major step toward integrating traditional finance and blockchain, and observers say the approval clears a path for tokenized securities trading in U.S. markets under Nasdaq’s program ^{[5] [6]}.

The SEC’s decision initiates a regulated testing environment for tokenized securities on Nasdaq, marking a formal move to incorporate blockchain-based representations of conventional securities into the U.S. market structure ^{[1] [2]}.