Nasdaq ‘Full Steam Ahead’ on Designing Equity Token

According to Traders Magazine, Roland Chai, president of European markets and head of digital assets at Nasdaq, said the firm’s filing on the tokenization initiative from the Depository Trust & Clearing Corporation (DTCC), the U.S. post-trade infrastructure, was approved a few weeks ago and it is working on evolving the design of its equity token. Chai said, “That is very much full steam ahead.” In March this year Nasdaq said it would support the tokenization of equities in a manner that preserves issuer control, existing regulatory frameworks, and the underlying rights associated with company shares.