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SEC Approves Nasdaq's Pilot for Tokenized Stock Trading

3/20/2026

Summary

Story summary

The U.S. Securities and Exchange Commission has approved Nasdaq, Inc.'s pilot program to trade tokenized stocks alongside traditional shares.
The pilot will initially target selected securities from the Russell 1000 Index and exchange-traded funds linked to major benchmarks.
Tokenized stocks and traditional shares will share identical rights and pricing to preserve liquidity.
The move reflects a broader trend, with Intercontinental Exchange and other exchanges exploring tokenization to modernize trading infrastructure.

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Story summary

The U.S. Securities and Exchange Commission has approved Nasdaq, Inc.'s pilot program to trade tokenized stocks alongside traditional shares.
The pilot will initially target selected securities from the Russell 1000 Index and exchange-traded funds linked to major benchmarks.
Tokenized stocks and traditional shares will share identical rights and pricing to preserve liquidity.
The move reflects a broader trend, with Intercontinental Exchange and other exchanges exploring tokenization to modernize trading infrastructure.