Tokenized Stocks Gain Momentum as Major Exchanges and Crypto Platforms Collaborate

The financial industry is experiencing a significant shift towards tokenized stocks, with major exchanges and crypto platforms working together to bring traditional shares onto blockchains.

Nasdaq has partnered with Kraken to launch a platform for issuing and trading blockchain-based representations of listed stocks by 2027. This initiative aims to make corporate actions more efficient through automation using blockchain technology.

The partnership between Nasdaq and Kraken builds on a formal proposal filed with the US Securities and Exchange Commission (SEC) seeking permission for tokenized representations of listed stocks and exchange-traded products to trade alongside their conventional counterparts.