this post was submitted on 08 Sep 2025
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Nasdaq Seeks Nod From U.S. SEC to Tokenize Stocks (www.coindesk.com)
submitted 1 week ago by technocrit@lemmy.dbzer0.com to c/technology@lemmy.world
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The leading U.S. exchange for technology giants is moving toward blockchain-based listing and trading of stocks, filing a request with the SEC to pursue it.

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[โ€“] misterztrite@lemmy.world 2 points 5 days ago (1 children)

Stocks on the Nasdaq and the rest of the USA exchanges are at T+1, transaction date plus one day. So they settle the next business day not in 2 to 3 days like you mentioned.

[โ€“] NotMyOldRedditName@lemmy.world 1 points 5 days ago* (last edited 5 days ago)

Dlr is canada and takes 3 days.

And even a +1 day is a long time. And then there's weekends and holidays. So you could do something on Thursday, Fridays a holiday, so then it's Monday is the +1 and you are settled and complete on Tuesday morning.

A lot can happen between a Thursday morning trade and Tuesday morning, and a lot can happen in a regular +1 day. The markets don't really care about non business days and shit happening.

Same day within minutes settlement would be huge.