Nasdaq Receives SEC Approval for Blockchain-Based Stocks

The Securities and Exchange Commission (SEC) has given its approval to a proposal by Nasdaq Inc. to list blockchain-based stocks on the exchange.

This move allows certain stocks, including those listed in the Russell 1000 index and S&P 500-tracking ETFs, to be traded and settled in tokenized form.

Nasdaq had proposed this change in September, citing its consistency with the Securities Exchange Act of 1934 and rules governing national securities exchanges.