Skip to search field Skip to main content

Official websites use .gov
A .gov website belongs to an official government organization in the United States.

Secure .gov websites use HTTPS
A lock () or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites.

Order Rule

Notice of Filing of Proposed Rule Change to Amend the Exchange’s Rules to Enable the Trading of Securities on the Exchange in Tokenized Form

National Securities Exchanges, The Nasdaq Stock Market LLC (NASDAQ)

Public Comments

Submit a Comment on SR-NASDAQ-2025-072

View Received Comments

Title

Notice of Filing of Proposed Rule Change to Amend the Exchange’s Rules to Enable the Trading of Securities on the Exchange in Tokenized Form

Release Number

34-103989

SEC Issue Date

Sept. 16, 2025

Resources

Notice Rule: SEC Issued Version (pdf 215.08 KB)

Last Reviewed or Updated: Dec. 17, 2025

Resources

Order Rule: SEC Issued Version (pdf 178.04 KB)

Details

Public Comments Due

on or before January 7, 2026.
Rebuttal comments should be submitted by January 21, 2026.

File Number

SR-NASDAQ-2025-072

Rule Type

Order

Release Number

34-104384

SEC Issue Date

Dec. 12, 2025