Nasdaq’s Blockchain Bash: Will It Outshine NYSE’s Crypto Circus?
These tokenized shares are like chameleons – they’ve got the same CUSIP identifiers, trading symbols, prices, and order books as their old-fashioned cousins. Brokers just slap on a “tokenization flag” to show they’re feeling fancy. If one side’s not up to snuff, the whole shebang reverts to the old way. Settlement’s still at T+1 for now, but they’re dreaming of real-time atomic settlement. Clearing’s handled by the Depository Trust Company, thanks to a three-year SEC no-action letter from December 2025.


