Nasdaq CEO Highlights Potential of Tokenization to Free Up Tens of Billions in Capital
At TOKEN2049 in Singapore, Nasdaq CEO Adena Friedman highlighted the potential for tokenization to unlock tens of billions of dollars currently tied up as collateral across global financial systems. By converting assets like Treasurys and equities into digital tokens via blockchain technology, institutions could enhance liquidity and efficiency. Friedman emphasized that transitioning toward 24/7 trading would require significant changes in infrastructure, particularly for risk management processes to operate continuously. She noted the role of AI in enabling real-time operations within this new framework. Additionally, Kraken co-CEO Arjun Sethi pointed out growing international interest in tokenization and access to U.S. capital markets. While not all assets may be suitable for 24/7 trading due to liquidity constraints, Friedman suggested that increased global connectivity could expand investor access to previously unreachable asset classes.
Tickers: $NDAQ
Topics: 24/7 trading blockchain collateral efficiency financial infrastructure tokenization