The U.S. Securities and Exchange Commission (SEC) has approved a rule change proposed by Nasdaq, officially launching a pilot program that enables the trading of tokenized stocks. This move allows eligible investors to execute equity transactions in a digital asset format, marking a critical milestone in the technological evolution of financial markets.
Under the program, transactions will be processed through the Depository Trust Company (DTC), with tokenized shares trading on the same order books as traditional equities. Investors holding these digital assets will retain full shareholder rights, including dividends and voting power, ensuring parity with conventional stock ownership.
As the SEC adopts a more innovation-friendly stance, this development is expected to accelerate the adoption of tokenized securities and set a precedent for other major exchanges. What was once limited to niche platforms could now move toward the core of the global financial system.
