【US Stock Focus】Major Changes in US Stocks! SEC Approves Nasdaq Pilot Program for "Security Tokenization"

SocialAnxietyStaker · 2026-03-19T04:48:16+00:00

The U.S. Securities and Exchange Commission has approved Nasdaq to pilot tokenized trading securities, marking the entry of blockchain technology into the American equity market. This plan is limited to ETFs of specific indices, and tokenized securities must still be settled through trust companies, not replacing existing securities, allowing traditional and tokenized securities to trade simultaneously. The New York Stock Exchange is also developing a similar platform.

SocialAnxietyStaker

2026-03-19 04:48:16

Abstract generation in progress

The U.S. Securities and Exchange Commission (SEC) has approved Nasdaq to pilot the trading of securities in a “tokenized” form, indicating that blockchain technology is increasingly integrating into the mainstream U.S. equity market infrastructure.

According to Reuters, this pilot program is not a full rollout but a cautious, phased approach, limited to ETFs tracking major benchmarks such as the Russell 1000, S&P 500, and Nasdaq 100, as well as components of the Russell 1000.

It is worth noting that tokenized securities still need to be settled through depository trust companies. The focus is not on replacing existing securities but on adding a layer of on-chain circulation and settlement capabilities for the same shares, allowing investors to trade either traditional shares or tokenized securities, with the same corporate rights.

NYSE Develops Tokenized Securities Trading Platform

Additionally, Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, announced in January this year that it is developing a tokenized securities trading and on-chain settlement platform supporting 24/7 trading and real-time settlement, and is seeking regulatory approval.

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