Nasdaq Secures SEC Approval To List Blockchain Version Of Stocks, Including S&P 500-Tracking ETFs

The SEC has approved Nasdaq Inc.'s proposal to allow trading and settlement of certain stocks in tokenized form, including constituents of the Russell 1000 and ETFs tracking the S&P 500 and Nasdaq 100. This initiative enables investors to choose between traditional and tokenized stock representations, with backend support from the Depository Trust Corporation. Following this approval, Nasdaq's shares fell 1.19% to $85.44 during regular trading, and dipped an additional 0.51% in after-hours trading.