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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: toccodolce who wrote (25812)9/8/2025 9:31:50 AM
From: Elroy  Respond to of 26461
 
Nasdaq makes push to launch trading of tokenized securities

I think this makes great sense, and am not sure why it isn't already in existence.
Why can't US stocks trade 24/7? Crypto can do it, why can't the stock market? I think it's legacy exchanges trying to protect their old school business and margins, but it makes little sense. The hard parts (I would think) are

-ensuring that one token represents one share of stock
-timing of buys and sells so that the correct person receives the dividends
-figuring out how to do short selling so the short position isn't a nekkid short

Crypto is able to do all that, but then again crypto tokens themselves are the asset. A token which represents a share of stock has to (somehow) map back to the actual stock position, held somewhere.