‘It’s going to eat the entire financial system’
Imagine a future where the biggest US stocks like Tesla (TSLA) or Nvidia (NVDA) can be traded around the clock, with the transactions settled in seconds.
Momentum is building toward that vision. The crypto industry, along with Wall Street heavyweights, wants to bring tokenized stocks, or digital versions of traditional shares that are recorded on a blockchain’s digital ledger, into the mainstream.
Last month Nasdaq (NDAQ) asked regulators for permission to allow listed stocks to trade in tokenized form on its exchange. If the request is granted by the Securities and Exchange Commission, it would mark a pivotal step toward merging traditional finance with blockchain. The SEC opened the proposal for public comments in…
