SEC Approves Nasdaq to Launch Tokenized Stock Trading Pilot

SmartContractAuditor · 2026-03-18T23:20:15+00:00

The U.S. Securities and Exchange Commission has approved Nasdaq to conduct a pilot program for tokenized stock trading, driving the convergence of traditional finance and blockchain. The pilot allows investors to choose to settle stocks in tokenized form, exploring the feasibility of on-chain settlement while complying with existing securities laws. This move provides the possibility for tokenized stocks to be implemented on mainstream exchanges.

SmartContractAuditor

2026-03-18 23:20:15

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Odaily Planet Daily News: The U.S. Securities and Exchange Commission (SEC) has approved Nasdaq to conduct a pilot program for tokenized stock trading, marking a further integration of traditional finance and blockchain.

According to the document, eligible participants can settle stocks in the pilot operated by a depository trust and clearing corporation (a subsidiary of DTCC) in tokenized form. At the same time, these tokenized stocks will share the same order book and matching priority as traditional stocks and must provide investors with the same shareholder rights.

This pilot allows market participants to explore the feasibility of on-chain settlement without changing the existing trading structure. It is an important step toward gradually integrating traditional securities market infrastructure with blockchain technology.

Under the leadership of SEC Chairman Paul Atkins, regulators are accelerating the development of rules related to cryptocurrencies, including exploring mechanisms such as “innovation exemptions.” However, the SEC still emphasizes that tokenized securities must comply with existing securities laws.

Overall, this pilot further confirms the possibility of listing tokenized stocks on mainstream exchanges and paves the way for broader on-chain securities trading in the future.

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