SECZ
+0.0%Nasdaq CEO says tokenization could free tens of billions in collateral
Image: Crypto.newsNasdaq CEO Adena Friedman said blockchain tokenization could free tens of billions of dollars tied up as collateral in global financial markets. She spoke at TOKEN2049 in Singapore. Friedman named Treasury securities, stocks and money market funds as assets suited to being represented on a blockchain. She said tokenizing assets and settlement money could help institutions manage collateral and support round-the-clock trading. Nasdaq agreed in September to invest $100 million in Payward, the parent of Kraken. Securitize launched tokenized U.S. stocks on Solana in October.
Key points
- Nasdaq CEO Adena Friedman said tokenization could free tens of billions of dollars held as collateral.
- Friedman named Treasury securities, stocks and money market funds as assets suited to tokenization.
- She said tokenizing assets and settlement money could help institutions manage collateral and support round-the-clock trading.
- Securitize launched tokenized U.S. stocks on Solana in October for eligible investors.
Why it matters
A major exchange operator is funding tokenized market infrastructure through its Payward investment while a tokenization firm has already placed U.S. stock entitlements on a public blockchain, giving institutions and eligible investors new ways to hold and move assets.
What's unclear
Friedman did not announce that Nasdaq has already released any collateral funds or completed an industrywide tokenization system.
The reports do not say when or how the tens of billions of dollars in capital would be freed.
Price context · SOL
At publication
$109.28
Now
$109.69
Change since
+0.38%
7 days · dashed line = publication
Sources · 2 publishers
Crypto.news
Tier 2
Nasdaq CEO says tokenization could unlock billions
Coverage timeline
- First reported by U.Today
- Confirmed by Crypto.news
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
