#NASDAQ partners with Kraken for tokenization initiative.

So, what does this mean?
• Stocks can be represented as tokens on the blockchain
• Shares like Apple, Tesla could be tokenized and traded in the future
• 24-hour trading will be possible
• Faster settlement times
• Global access will be available
• Token holders may have shareholder rights such as dividends and voting rights
This is actually part of a much larger trend:
• Real-world assets like stocks
• Bonds
• Funds
• Real estate
being brought onto the blockchain (RWA)
I believe the sector most immediately and heavily impacted by this development will be RWA.
Some notable projects in this area:
• $ONDO
• $LINK
• $OM
• $CFG
• $XDC
By the way, a quick note:
Actually, some crypto exchanges already have token versions of stocks like Apple.
But most of these:
• Are not real shares
• Are synthetic assets indexed to the stock price
• Usually operate on a derivative / CFD basis
• Do not provide dividends or voting rights
In short:
A token tracking Tesla’s price.
What Nasdaq aims to do is to tokenize real shares on the blockchain.
In theory, a system is targeted that includes:
• Real share representation
• Dividend rights
• Voting rights
• Regulatory compliance
In short:
Wall Street is gradually moving to blockchain infrastructure.
This could be a very strong development for crypto in the long term.