US SEC Approves Nasdaq Securities Tokenization Trading, Stocks Can Be Circulated On-Chain

ZkProver · 2026-03-19T00:16:14+00:00

The U.S. Securities and Exchange Commission has approved Nasdaq's rule modification to allow a pilot program for trading securities in tokenized form, marking a critical step by traditional capital markets toward blockchain adoption and potentially reshaping the securities issuance and settlement system.

ZkProver

2026-03-19 00:16:14

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ChainCatcher News: The U.S. Securities and Exchange Commission has officially approved the Nasdaq rule change, allowing for pilot trading of securities in “tokenized form” within its exchange. This marks a significant step forward for traditional capital markets adopting blockchain technology.

Under the plan, eligible stocks and ETFs can be cleared and settled on the existing trading system as on-chain tokens, sharing the same order book, trading priority, and fully aligned shareholder rights with traditional stocks. The pilot is based on the tokenization plan of the Depository Trust & Clearing Corporation (DTC). Investors can choose whether to settle in tokens when placing orders, and the system will complete on-chain processing after the trade.

Nasdaq stated that aside from the settlement method, trading rules, market data, fee structures, and regulatory oversight remain unchanged. Tokenized securities will still be fully integrated within the current securities law framework. Industry experts believe this move signifies that “U.S. stocks going on-chain” has officially entered the regulatory implementation stage, potentially reshaping the securities issuance, trading, and settlement systems.

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