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Nasdaq Seeks Nod From U.S. SEC to Tokenize Stocks (www.coindesk.com)
submitted 11 months ago by 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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[–] 4 points 11 months ago (1 child)

Prevents naked short fraud and manufacturing shares that they can locate at a later date.

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  • [–] 9 points 11 months ago (2 children)

    How does a regular database not do that?

    Either it's tracked or its not, the medium for that tracking doesn't really change much.

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  • [–] [S] 1 point 10 months ago* (1 child)

    How does a regular database not do that?

    There is no "regular database" running these exchanges because they're based on paper. That's another reason for tokenizing and using a public ledger.

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  • [–] 1 point 10 months ago

    I'm sure someone out there is running something on paper still, but that's not how most things are run.

    Additionally, unless people are legally required to do all exchanges on the public ledger (which seems highly unlikely), then you'd still end up with transactions not monitored on the public ledger.

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