SEC Approves Nasdaq Tokenized Equities Trading Pilot

The U.S. Securities and Exchange Commission (SEC) has approved a Nasdaq pilot program that will allow eligible participants to settle certain equity trades in tokenized form using infrastructure operated by the Depository Trust Company (DTC), according to a PANews report. Under the pilot, tokenized stocks will share the same order book and execution priority as traditional stocks and must provide shareholders with the same rights and privileges as regular trading stocks. The goal is to preserve existing market structure while testing tokenized settlement workflows.