Brief
First major US exchange with an SEC-approved rule change for tokenized securities trading (March 2026), part of DTC's three-year tokenization pilot. Tokenized stocks trade on the same order book as traditional securities with the same CUSIP, ticker, and T+1 settlement via DTC. Partnered with Kraken for international tokenized stock distribution.
Primary sources
Checks cover the claims listed below. Other details may still need review.
- Securitize completes its business combination (opens in a new tab)
Checked
- Merger closed July 1, 2026; SECZ listed on NYSE, not Nasdaq
Recent activity
Latest moves on the changelog feed.
- Oct 15, 2026WIRED
Nasdaq → Kraken. $100M into Kraken parent Payward in September 2026. Kraken is Nasdaq's equities transformation gateway for tokenized equities.
Snapshot
Key terms and identifiers.
- Asset classes
- Equities
- Regulatory
- sec-spot-etf, dtcc-settlement-2026
- Jurisdiction
- US
Milestones
How this player got here.
- Oct 2026Nasdaq → Kraken. $100M into Kraken parent Payward in September 2026. Kraken is Nasdaq's equities transformation gateway for tokenized equities.
- Mar 2026Kraken partnership announced for international tokenized stock distribution
- Mar 2026SEC approved rule change for tokenized securities trading on Nasdaq
- Jan 2025Tokenized asset settlement R&D
- Sep 2024Digital asset custody platform launched
Connections
Who they build with, build on, integrate with.
Dependency
Where this player builds on, integrates, or relies on others.
