The head of Nasdaq's encryption business pledged to "advance" the stock tokenization process "as soon as possible."

According to a report by Golden Finance, the head of Nasdaq's crypto business revealed that the Nasdaq stock exchange is prioritizing its proposal to “provide tokenized versions of listed stocks” for approval by the U.S. Securities and Exchange Commission (SEC). In an interview on Thursday, when asked whether the SEC might approve the proposal this year, Nasdaq's head of digital asset strategy, Matt Savarese, said, “We will push this forward as quickly as possible.” Savaresse said: “I think we first need to carefully evaluate the public feedback, and then respond to the questions raised by the SEC one by one.” He added: “We hope to collaborate with the SEC as soon as possible.”