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SEC approves Nasdaq pilot for tokenized securities trading
SEC approves Nasdaq to support trading in tokenized securities. The pilot will run with DTC.
The SEC cleared Nasdaq’s modified rules after a seven‑month review that began in September 2025. See the filing on sec.gov.
The approved pilot coordinates with the Depository Trust Company. It provides a regulated path to trade digital representations of securities. Source: SEC filing.
Payward, parent of Kraken, announced a partnership with Nasdaq earlier this month. They plan an equities transformation gateway. Source: Kraken announcement.
The project pairs Nasdaq’s market infrastructure with Kraken’s xStocks framework. Goal: move tokenized equities between institutional venues and permissionless DeFi networks. Source: Kraken announcement.
- SEC approval after seven months SEC filing
- Pilot coordinated with DTC SEC filing
- Nasdaq–Payward partnership announced Kraken announcement
- Bridge to DeFi via xStocks Kraken announcement
