SEC approves Nasdaq's move to allow tokenized securities trading
The SEC’s approval lets Nasdaq test blockchain-based versions of stocks that trade and settle like traditional shares.
https://www.coindesk.com/policy/2026/03/18/sec-approves-nasdaq-s-move-to-allow-tokenized-securities-tradingOpen linkView original on lemmy.dbzer0.com
Straight to jail, everyone involved in this and the results t scams should be sent to jail day 1 of the next presidents.
So what I got is that the pre existing stocks will be split behind the scenes into stocks that are settled by a clearing house as usual, and settled by the same clearing house with blockchain.
I'm just confused, if you have one authority, a single one, responsible for settlement, then a database is enough. And a blockchain with one node that writes and many that read, is ridiculous.