SEC Pushes Plan to Make Stocks Trade Like Crypto on Blockchain
The U.S. Securities and Exchange Commission (SEC) is reportedly developing a plan to allow stocks to trade like crypto on the blockchain, treating shares of companies like Apple, Tesla, and Nvidia as digital tokens similar to how cryptocurrencies operate.
While the initiative has gained support from crypto exchanges and fintech platforms, it faces pushback from traditional financial institutions that profit from the existing market structure.
According to a report by The Information, the SEC is already consulting with market participants on regulatory changes that would make these tokenized securities possible.
Nasdaq has already submitted a rule change filing to permit listed equities and ETPs to trade in tokenized form,…
