Nasdaq reiterates that it will not participate in external venues based on the SEC Innovation Exemption and is advancing an issuer-centric equity-token model
BIBIBI
AT A GLANCE
Nasdaq declined to comment on the “discouraging issuers” rumors and reiterated that it will not participate in external venues while continuing to advance its own equity-token model.
Article
Nasdaq responds to tokenization controversy: declines to comment on rumors of “discouraging issuers,” reiterates it will not participate OKXICE external venues
BlockBeats reported that October 30, according to crypto reporter Eleanor Terrett, a Nasdaq spokesperson declined to comment on claims that “its representatives had discouraged listed companies from using OKXICE to tokenize shares.” The spokesperson reiterated that Nasdaq does not plan to participate in trading venues operating under the SEC Innovation Exemption, believing this is not the best path for tokenization. The spokesperson stressed that Nasdaq remains committed to the tokenization process and is advancing it within the existing market framework through an issuer-centric Nasdaq Equity Token model. In addition, Nasdaq again denied any connection with an advertisement in this week’s Wall Street Journal, stating that it did not authorize the advertisement to use or link to its FAQ and QR code.
Previously, program host Jacqueline claimed that Nasdaq representatives had allegedly warned its listed issuers not to trade shares through a joint-venture tokenized-stock venue operated by OKX and ICE. Approximately 38 companies have objected, of which 23 are Nasdaq-listed companies. Nasdaq has publicly expressed concerns about tokenized-stock trading outside traditional market structures, explicitly stating that it does not plan to launch such a venue. It is currently working with Kraken to advance its own tokenization model, targeting launch in the second quarter of 2027.
Original link https://m.theblockbeats.info/flash/374530
Key points
01
BlockBeats reported that, according to Eleanor Terrett, a Nasdaq spokesperson declined to comment on claims that its representatives had discouraged listed companies from using OKXICE to tokenize shares.
02
A Nasdaq spokesperson reiterated that Nasdaq does not plan to participate in trading venues operating under the SEC Innovation Exemption and believes this is not the best path for tokenization.
03
The spokesperson said that Nasdaq remains committed to the tokenization process and is advancing it within the existing market framework through an issuer-centric Nasdaq Equity Token model.
04
Nasdaq denied any connection with an advertisement in this week’s Wall Street Journal and said it did not authorize the advertisement to use or link to its FAQ and QR code.
05
Program host Jacqueline said that Nasdaq representatives allegedly warned its listed issuers not to trade shares through a joint-venture tokenized-stock venue operated by OKX and ICE.
06
The report said that approximately 38 companies had objected, of which 23 were Nasdaq-listed companies.
07
The report said that Nasdaq is working with Kraken to advance its own tokenization model, targeting launch in the second quarter of 2027.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The core controversy is the framework under which stock tokenization should take place. Nasdaq has neither confirmed nor denied the rumor that it had “discouraged issuers,” but it clearly stated that it does not intend to participate in external trading venues operating under the SEC Innovation Exemption. At the same time, it said it would continue advancing an issuer-centric model incorporated into the existing market framework, namely the Nasdaq Equity Token model.
Why it matters to readers
This indicates that Nasdaq is not opposed to stock tokenization, but has made a clear choice regarding the specific implementation path. Its position may influence how issuers and market participants view external tokenized-stock venues, but the original article provides no data on prices, trading volume, or actual business impact.
Beginners should distinguish between “Nasdaq declines to comment on a rumor” and “Nasdaq’s explicitly announced position”: the former remains unverified, while the latter is its decision not to participate in specific external venues and to continue developing its own model.
Risks and unknowns
The claim that “Nasdaq representatives had discouraged issuers” has not been confirmed by Nasdaq.
Approximately 38 companies objected, of which 23 were Nasdaq-listed companies; these figures came from a report’s retelling, and the original article provided neither a list of companies nor independent verification.
Related Developments
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OKX The specific structure, operating status, and responses from both parties regarding venues associated with ICE and
2027 The reported launch in the second quarter of
is a stated target, and whether it can be achieved on schedule remains uncertain.
Related concepts
tokenized shares
This term is not in the glossary yet. Browse related concepts in the glossary.
