The US Securities and Exchange Commission (SEC) is inviting public feedback on Nasdaq's proposal to trade tokenized stocks, as it explores the integration of blockchain-based assets into existing market frameworks. This initiative will assess legal, technical, and policy implications, with on-chain data and analysis expected to play a significant role. The move comes as Galaxy Digital recently tokenized its stock on the Solana blockchain, highlighting the convergence of decentralized finance (DeFi) and traditional financial markets. While some firms support Nasdaq's plan, others, including Ondo Finance and Cboe, urge the SEC to await guidance from the Depository Trust & Clearing Corporation (DTCC). The SEC has already issued a no-action letter to DTCC regarding tokenized custody assets, marking a crucial step for Nasdaq's initiative.