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U.S. SEC approves Nasdaq stock tokenisation plan as Wall Street drives blockchain

The U.S. Securities and Exchange Commission has approved Nasdaq’s plan to tokenise securities, allowing tests in which certain stocks and ETFs are issued as blockchain-based tokens and traded alongside existing shares. Investors can hold tokenised versions in digital wallets, while settlement is handled by the Depository Trust & Clearing Corporation. Supporters say tokenisation could enable 24-hour trading and instant settlement, though the model does not replace the current financial system.