Nasdaq to move forward with tokenized shares as quickly as possible, responding promptly to SEC questions

Nasdaq has announced that it is prioritizing approval from the U.S. Securities and Exchange Commission (SEC) to offer tokenized shares of its listed companies.
The company plans to maximize its speed in responding to the regulatory process. Matt Savarese, head of digital asset strategy at Nasdaq, said:
Savarese, in an interview with CNBC on the 27th (local time), was asked about the possibility of the SEC approving the proposal this year.
"We will move as quickly as possible," he said. "The key is to respond promptly to questions from the SEC after carefully examining the comments received through the public comment period," he said. "We will cooperate as quickly as possible."
On September 8, Nasdaq submitted a proposal to allow investors to trade listed company shares as digital tokens.
"We're not trying to suddenly disrupt the existing financial system," Savarese said. "Everyone wants to take the next step and make tokenization the norm."
"We want to make it accepted as a trend," he explained. "We will proceed carefully within the framework of SEC rules and in an investor-centered manner."
Meanwhile, Robinhood CEO Vlad Tenev was arrested in October last year.
Tenev said, "Tokenization will eventually erode the entire financial system."