01 /
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.
02 /
Snapshot
Key terms and identifiers.
- Asset classes
- Equities
- Regulatory
- sec-spot-etf, dtcc-settlement-2026
- Jurisdiction
- US
03 /
Milestones
How this player got here.
- 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
04 /
Connections
Who they build with, build on, integrate with.
Dependency
Where this player builds on, integrates, or relies on others.
