NEW: Nasdaq’s Reports Shocking Plan to Transform Stonks Into Tokens…

Nasdaq’s product team be like: “Ok, hear me out… what if stonks, but make them crypto?”

Nasdaq just asked the SEC for permission to let people trade tokenized versions of stocks and ETFs on its exchange…a move that would drag blockchain out of the fringes of Reddit pump groups and slam it straight into Wall Street’s internal plumbing. If approved, it’d be the first time tokenized securities got the greenlight to trade on a major U.S. exchange. Translation: JPMorgan and Citadel just started sweating while Coinbase is already drafting the ‘wen moon’ tweet.

(Source: Giphy) 

In short, every stock you know and love (or hate)... Apple, Nvidia, even the SPY ETF… could exist in both its traditional boomer form and as a shiny degenerate token on a blockchain ledger. Nasdaq swears these wouldn’t be some Robinhood-style “AI token shares” gimmick (even though you know Vlad is licking his chops at this). Instead, each tokenized stock would carry the exact same rights as the real thing: dividends, voting power, and all the joy of losing money during a Fed presser.

(Source: Reuters) 

Of course, if you’re an adult in the room (read: SEC) you’d wonder why this is even necessary. However, Nasdaq’s angle is simple…keep all the surveillance, order books, and regulatory oversight intact, but layer in the speed and fractional ownership perks of blockchain settlement. In theory, this could mean round-the-clock trading, faster settlement, and fewer middlemen siphoning off fees. In reality, it’s a massive experiment in smashing two ecosystems that barely trust each other into one. Sounds legit. 

(Source: Giphy) 

And yet, only in Trump’s America would this even be a thing. SEC Chair Paul Atkins, crypto regs are thawing faster than a memecoin farm in India as tokenization has become the hot buzzword on Wall Street. Which reminds me, remember when “CDOs” became the hot buzzword and the whole house of cards came crashing down? Yeah me neither. But alas, BlackRock, Franklin Templeton, and even KKR are sniffing around the space. Everyone wants in, but nobody wants to be first to actually test it at scale. Enter Nasdaq.

Naturally, critics are already lining up to warn about “systemic risks” and “regulatory arbitrage.” But the momentum is undeniable. Europe’s already dabbling in tokenized equities (albeit in sketchy ways where investors don’t actually get real shares). Nasdaq’s proposal is more legit but still sus. Translation: If they’re going to tokenize stonks they want to do it properly… a.k.a, in the big leagues, not on some offshore exchange that also sells fartcoin futures. 

(Source: Giphy) 

Meaning, if the SEC signs off, tokenized stocks could be trading on Nasdaq by late 2026. That means your grandkids might actually buy fractional Apple shares at 3 a.m. on Christmas Eve with the same ease they buy Fortnite skins. It also means we’re about to find out whether “tokenization” is Wall Street’s next great efficiency upgrade… or just another overhyped word salad that investors use as a soundbite to sound smart. Either way, welcome to the era of Tokenized Tendies. Don’t say Nasdaq didn’t warn you. Until next time, friends…

At the time of publishing, Stocks.News holds positions in Apple and Robinhood as mentioned in the article.