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The Securities and Exchange Commission (SEC) approved trading of tokenized securities on exchanges!
The U.S. Securities and Exchange Commission (SEC) approved a rule change allowing the Nasdaq exchange to trade securities in tokenized form.
Today’s official decision became an important step in the integration of traditional finance and blockchain technology.
The proposal, first introduced by Nasdaq in September 2025, received final approval after evaluations and two separate amendment processes. The SEC’s decision opens the way for the representation and trading of certain assets on the blockchain, particularly within the tokenization pilot program (DTC Pilot).
Under the new regulation, tokenized securities will be able to trade on Nasdaq in the same order book as their traditional versions. Initially, the assets included in the tokenization program will be limited. Accordingly, stocks included in the Russell 1000 index, as well as ETFs tracking major indices such as the S&P 500 and Nasdaq-100, will be able to be tokenized and traded within the pilot program. Nasdaq will regularly publish the list of eligible assets in investor announcements.
Market participants wishing to trade using tokens will select a special “tokenization preference” option when placing orders.
This preference will determine whether the transaction is executed in token form or in traditional form. It may include additional information such as the choice of blockchain and the digital wallet address. In the process after the transaction is completed, Nasdaq will transmit these preferences to the Depository Trust Company (DTC), and settlements may be carried out in token format.
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