Imagine the world’s most liquid equity exchange listing digital versions of its own securities — same book, same rights, but with blockchain rails underneath.
That’s exactly what Nasdaq just filed for:
👉 the ability to issue tokenized forms of listed equities and ETPs, fully equivalent to their traditional counterparts.
The implications are massive:
• 🕓 24/7 trading access — markets no longer sleep.
• ⚡ Instant (T+0) settlement — no intermediaries, no waiting days.
• 🔒 Atomic delivery-versus-payment (DvP) — one transaction, final in seconds.
• 💸 Drastically lower trading costs — from today’s ~CHF 10–15 per trade (e.g., Swissquote 🇨🇭) down to cent-level fees when fully tokenized.
This isn’t a parallel crypto experiment — it’s the existing market, upgraded.
The same order book, the same voting and dividend rights, but connected via DTC/DTCC infrastructure and permissioned compliance standards such as ERC-3643, built for regulated securities.
Earliest go-live: 2026, pending SEC approval.
💡 Why this matters for Real-World Assets (RWAs) — and especially for Real Estate:
Europe and Switzerland 🇪🇺🇨🇭 already operate regulated digital exchanges — SDX, BX Digital, 21X — proving that tokenized settlement works, but liquidity remains limited.
If Nasdaq succeeds at scale, the benchmark for secondary trading will change overnight: continuous market access, atomic DvP, and fractionalized settlement will become the new standard — including for tokenized property shares, funds, and debt instruments.
Once liquidity and compliance converge on-chain, Real Estate tokenization moves from pilot projects to mainstream capital markets — and the vision to turn Real Estate values more liquid takes a big step ahead.
That’s when the flywheel truly starts turning. ⚙️🏙️
🧱⋯🧊 From bricks to blocks: This isn’t about hype. It’s about real-world adoption → #Web3getsConcrete
More information here:
👉 Nasdaq Q&A on tokenized listings (scope, same order book/rights; settlement vision). Nasdaq
👉 Law-firm brief on the SEC filing and 2026 timeline. troutmanfinancialservices.com+1
👉 ERC-3643 (permissioned tokens) overview. ERC-3643 Permissioned T