Nasdaq, one of the largest US stock exchanges, is seeking approval from the Securities and Exchange Commission (SEC) to offer tokenised versions of stocks and exchange traded funds (ETFs). If approved, this would be the first time tokenised securities are permitted on a major US exchange – a move that could reshape market infrastructure by integrating blockchain technology into the existing financial system and enabling 24/5 trading (not quite 24/7 just yet).
Authors:
Steven Pettigrove, Partner
Email: spettigrove@piperalderman.com.au
Luke Higgins, Associate
Email: lkhiggins@piperalderman.com.au
Tahlia Kelly, Law Graduate
Email: tkelly@piperalderman.com.au
Emma Assaf, Law Clerk
Email: eassaf@piperalderman.com.au