Nasdaq CEO Adena Friedman Discusses Tokenized Money and Its Impact on Capital Markets
At the TOKEN2049 conference in Singapore, Nasdaq CEO Adena Friedman highlighted tokenized money as a key innovation to unlock tens of billions in trapped capital. She emphasized that traditional financial systems are not built for continuous operation, unlike crypto markets which have operated around-the-clock for years. To address this gap, Nasdaq plans to expand U.S. stock trading hours starting on Dec. 6 and eventually move toward full 24/7 availability. Friedman outlined a two-step strategy: first tokenizing money—primarily through stablecoins—and then tokenizing collateral used in financial transactions. This approach could enable faster capital flows, particularly for banks managing large pools of assets like Treasuries or stocks that are currently immobilized during market closures.
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