Nasdaq CEO says tokenization could unlock billions

Nasdaq CEO Adena Friedman has said blockchain tokenization could release tens of billions of dollars currently tied up as collateral in global financial markets, while creating opportunities for financial institutions to move toward round-the-clock trading. Nasdaq CEO Adena Friedman said tokenization could free billions of dollars tied to financial collateral. Friedman identified Treasury securities, stocks and money market funds as assets suitable for blockchain representation. Nasdaq agreed in September to invest $100 million in Kraken parent Payward for market infrastructure. Securitize launched tokenized versions of 12 U.S. stocks on Solana for eligible investors in October.

Source: crypto.news