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business17h ago
Nasdaq and owner of NYSE turn to crypto exchanges to bring the $126T equity market onchain
- Nasdaq and ICE are partnering with crypto exchanges to tokenize traditional stocks on blockchain.
- Nasdaq eyes a framework for blockchain-based shares while Kraken aids global distribution.
- ICE leverages its crypto venture to launch tokenized stocks and crypto futures with OKX.
- The strategy points to an ‘everything exchange’ where all assets trade on shared blockchain infrastructure.
- Tokenized equities could enable continuous price discovery and 24/7 trading.
- Regulatory backing from an SEC staff statement on tokenized securities supports the shift.
- Executives describe a frenemy dynamic where traditional and crypto firms complement each other.
- Tokenized assets, including stocks, have seen rapid growth in recent years.
- Crypto firms gain credibility and access to larger audiences by partnering with incumbents.
- The initiative could affect liquidity by linking on-chain and off-chain liquidity pools.
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