Nasdaq tokenized securities will initially maintain the current settlement cycle

Jinse Finance reported that Nasdaq CEO Adena Friedman stated that the upcoming tokenized securities trading, despite having the potential to accelerate settlement, will initially follow traditional settlement timelines. Traders can choose to settle in the traditional way or through digital wallet infrastructure. Nasdaq is working with DTC and plans to offer digital securities trading on only a few blockchains in the initial phase. Friedman pointed out that in the long term, tokenization can enhance collateral liquidity and reduce systemic risk by shortening settlement cycles.