Nasdaq Raises Concerns Over SEC’s Approach to Tokenized Securities Rules

Summary

• Nasdaq has raised concerns over the SEC’s approach to advancing regulation for tokenized securities.
• Nasdaq said it was concerned about the tokenized securities regulation being pursued as stock trading expands onto blockchain infrastructure.
• It remains unclear which specific regulatory provisions in the SEC’s approach Nasdaq is concerned about.

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Nasdaq has raised concerns about the US Securities and Exchange Commission’s approach to advancing regulation for tokenized securities.

Cointelegraph reported on November 10 that Nasdaq expressed concern over the SEC’s regulatory approach as the agency works to expand stock trading onto blockchain infrastructure.

The SEC is pushing to establish a regulatory framework that would allow traditional financial securities, including stocks, to be handled on blockchain-based infrastructure.

Nasdaq has taken issue with the SEC’s approach as that process moves forward. It remains unclear which specific provisions have drawn the exchange’s concern.

JH Kim