Regulation· ★★★★· bullish·

Nasdaq to tokenize GLXY shares under SEC innovation exemption

  • —Nasdaq becomes the first exchange to tokenize GLXY shares
  • —Novogratz thanked the SEC for its support of digital assets
  • —No launch date for the initiative has been announced
  • —The SEC exemption was called a key condition for tokenization
Why it matters: The precedent could push other exchanges toward tokenizing equities and accelerate the convergence of TradFi and crypto.
#GLXY
Source: Coinfomania
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