{"id":49495,"date":"2025-09-25T13:31:44","date_gmt":"2025-09-25T13:31:44","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=49495"},"modified":"2025-09-25T13:31:44","modified_gmt":"2025-09-25T13:31:44","slug":"forget-etfs-and-dats-nasdaqs-tokenization-is-the-real-upgrade-for-wall-street","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=49495","title":{"rendered":"Forget ETFs and DATs: Nasdaq&#8217;s Tokenization Is The Real Upgrade For Wall Street"},"content":{"rendered":"<div>\n<p>Nasdaq&#8217;s move to let tokenized securities trade on its main market looks, to me, like the clearest signal yet that capital markets are going on-chain. If it gets approved, the first trades will be landing the moment the foundations are ready. A Tier-1 venue <a href=\"https:\/\/www.reuters.com\/business\/finance\/nasdaq-makes-push-launch-trading-tokenized-securities-2025-09-08\/\" rel=\"nofollow\">normalizing<\/a> tokenization means we&#8217;re moving from a pilot to policy.<\/p>\n<p>Tokenization has the potential to compress settlement cycles, reduce intermediaries, and widen distribution to both brokerage accounts and qualified-custody wallets. Crypto holders who want exposure to tokenized equities no longer have to go through a crypto \u2192 cash \u2192 broker \u2192 stock process.<\/p>\n<p>Compliant structures allow the movement of crypto \u2014&gt; tokenized stock. In short, fewer hops equals better capital efficiency.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">Why Nasdaq&#8217;s push matters<\/h2>\n<ol class=\"wp-block-list\">\n<li><strong>Legitimacy and liquidity<\/strong>. Public exchanges set the norm for markets, and Nasdaq&#8217;s filing is a massive signal that simultaneously informs issuers, custodians, and market makers that tokenized instruments will be treated as the same economic security and invites institutions to adopt on-chain assets without changing how they value or govern them.<\/li>\n<li><strong>Catalyst for distribution<\/strong>. Tokenization projects face a liquidity problem; however, just days after Nasdaq&#8217;s filing, Franklin Resources, Inc. (NYSE: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/ben#NYSE\">BEN<\/a>) <a href=\"https:\/\/www.coindesk.com\/business\/2025\/09\/10\/binance-franklin-templeton-join-forces-to-expand-digital-asset-products\" rel=\"nofollow\">partnered<\/a> with Binance Holdings Ltd.,, demonstrating a &#8230;<\/li>\n<\/ol>\n<p><a href=\"https:\/\/www.benzinga.com\/Opinion\/25\/09\/47864253\/forget-etfs-and-dats-nasdaqs-tokenization-is-the-real-upgrade-for-wall-street\" alt=\"Forget\" etfs and dats: nasdaq tokenization is the real upgrade for wall street>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Nasdaq&#8217;s move to let tokenized securities trade on its main market looks, to me, like the clearest signal yet that capital markets are going on-chain. If it gets approved, the first trades will be landing the moment the foundations are ready. A Tier-1 venue normalizing tokenization means we&#8217;re moving from a pilot to policy. Tokenization [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-49495","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/49495","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49495"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/49495\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}