Nasdaq executives: We are fully promoting the tokenized stock plan and have prioritized SEC approval as our top priority

Matt Savarese, the head of digital asset strategy at Nasdaq, stated that the exchange has prioritized the SEC approval of its tokenized stock proposal and will "accelerate the process as much as possible." The proposal aims to allow investors to trade tokenized assets based on publicly listed company shares on the Nasdaq platform.

Savarese emphasized that Nasdaq is not trying to "disrupt the existing system," but rather hopes to promote tokenized assets to the mainstream in a "responsible, investor-oriented" manner within the SEC regulatory framework. He mentioned that the proposal will be continuously refined based on public feedback and regulatory issues.

Reports indicate that tokenized stocks have become one of the key discussion points in the crypto industry this year. In September, Galaxy Digital announced that it became the first Nasdaq-listed company to tokenize its equity on a major blockchain. Additionally, many industry professionals are cautiously optimistic about the potential value addition that tokenized stocks could bring to the crypto ecosystem, believing that if tokenized assets primarily operate on various layer two networks, the space for value to flow back to Ethereum and the broader crypto market may be limited.