Gate News: On March 20, the SEC approved Nasdaq’s framework for trading certain tokenized stocks and ETFs, allowing related securities to be issued, cleared, and settled in blockchain-based tokens while trading alongside traditional stocks. Under this system, investors can hold tokenized securities in digital wallets, with clearing and settlement handled by the Depository Trust & Clearing Corporation (DTCC). Nasdaq stated it will partner with a CEX to distribute stock tokens globally. Val Gui, from Nasdaq’s tokenized stock platform xStocks, said this move signals that “the $126 trillion stock market will shift to blockchain.” Maylea Ma, Deputy General Counsel at 1inch, noted that the model still involves trading through brokers and settlement via DTCC, with blockchain mainly serving as an alternative record of ownership.
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