The leading U.S. exchange for technology giants is moving toward blockchain-based listing and trading of stocks, filing a request with the SEC to pursue it.
That website is horrendous. I left.
Nasdaq Seeks Nod From U.S. SEC to Tokenize Stocks
Submitted 3 weeks ago by technocrit@lemmy.dbzer0.com to technology@lemmy.world
https://www.coindesk.com/policy/2025/09/08/nasdaq-seeks-nod-from-u-s-sec-to-tokenize-stocks
Comments
toiletobserver@lemmy.world 3 weeks ago
randompasta@lemmy.today 3 weeks ago
Slightly better? www.msn.com/en-us/money/companies/…/ar-AA1M7YnC
paraphrand@lemmy.world 3 weeks ago
Some critics of the industry have warned that the frenzy around tokenization could introduce new systemic risks, especially in the absence of stringent regulation. In July, Hester Peirce, a commissioner at the U.S. Securities and Exchange Commission who has frequently spoken positively about cryptocurrency, said tokenized securities would not be able to circumvent existing securities laws.
“Systemic” is a banned word these days. But the current people in charge love systemic issues. Systemic issues disproportionately impact lower classes and minorities.
This is why the word “woke.” Had to be destroyed and turned into the non-word it is today.
paraphrand@lemmy.world 3 weeks ago
Oy, even when ad blockers are working well it brings up overlays and bullshit.
SaltySalamander@fedia.io 3 weeks ago
You must have a piss-poor adblocker.
black_flag@lemmy.dbzer0.com 3 weeks ago
Fucking why?? What’s the point?? You’ve already got a database, what does making it immutable and decentralized and inefficient help?? It’s still under a central authority, so it’s not even proper decentralise.
xenomor@lemmy.world 3 weeks ago
Because it either: Directly facilitates some fraud that they are trying to legitimize …or… They are trying to spend some of the perceived credibility of their stock market on legitimizing blockchain generally in the hope of facilitating some frauds that have nothing to do with their stock market.
Either way, it’s about fraud. It’s always, always fraud with anything blockchain related.
KOhBaby@lemmy.world 3 weeks ago
Simple. Profit. They figure if they can capture even a small percentage of the funds flowing into Blockchain they can increase their profit margins.
Lemming6969@lemmy.world 3 weeks ago
Prevents naked short fraud and manufacturing shares that they can locate at a later date.
jacksilver@lemmy.world 3 weeks ago
How does a regular database not do that?
Either it’s tracked or its not, the medium for that tracking doesn’t really change much.
NotMyOldRedditName@lemmy.world 3 weeks ago
It would reduce the settlement time from multiple days to likely minutes.
When you trade a stock today, it’s not actually complete for 2 or 3 business days as it has to go through the settlement process. Generally, it doesn’t cause problems for retail traders, but even for us it can introduce real issues sometimes and delay you from making a trade.
For example, in Canada, the cheapest way we can convert CAD<–>USD is through a process called Norbits Gambit.
You buy DLR.TO (CAD) or DLR.U.TO (USD) and then your have them journal your shares from one to the other for free, or a small fee like $10. You don’t pay an exchange rate fee, however, because the trade hasn’t actually settled when you buy the shares for 3 days, they can’t journal them. So for 3 business days you’re exposed to any fluctuation in the exchange rate. Generally that’s cheaper than what a bank will charge you and it’s the risk you take. It’s also a 1 way risk, I can’t recall if it’s USD -> CAD or CAD -> USD, but one of them is locked in, and the other is exposed.
At WealthSimple, when you sell some shares, you can’t actually transfer the money to your bank account on the same day.
I’m sure it can cause more problems for professional traders and institutional stuff.
misterztrite@lemmy.world 3 weeks ago
Stocks on the Nasdaq and the rest of the USA exchanges are at T+1, transaction date plus one day. So they settle the next business day not in 2 to 3 days like you mentioned.