SEC Updates Rule 15c2-11, Nasdaq Launches Tokenized Stock Trading Pilot

The US Securities and Exchange Commission (SEC) has proposed updates to Rule 15c2-11, which could simplify compliance for crypto businesses and encourage more over-the-counter trading within the US. The updated rule will exclude digital assets from its requirements, reducing legal ambiguity that has long challenged the industry.

Nasdaq's tokenized stock trading pilot has received SEC approval, marking a significant step forward for financial technology. This initiative allows blockchain-based shares of major companies to be traded alongside their traditional counterparts, ensuring equal rights and privileges.