Story perspectives

Nasdaq's Tokenization Plan Aims to Cut $58B Costs

4/14/2026

Summary

Story summary

John Zecca, Nasdaq Executive Vice President, testified before the House Financial Services Committee on tokenization to modernize U.S. capital markets.
The SEC approved Nasdaq's proposal to allow securities to trade in tokenized form.
The plan targets over $58 billion in structural costs tied to corporate actions.
The Nasdaq approach ensures tokenized shares stay fungible with traditional shares and prevents liquidity fragmentation, preserving investor confidence and regulatory integrity.

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Story summary

John Zecca, Nasdaq Executive Vice President, testified before the House Financial Services Committee on tokenization to modernize U.S. capital markets.
The SEC approved Nasdaq's proposal to allow securities to trade in tokenized form.
The plan targets over $58 billion in structural costs tied to corporate actions.
The Nasdaq approach ensures tokenized shares stay fungible with traditional shares and prevents liquidity fragmentation, preserving investor confidence and regulatory integrity.