52
Nasdaq Seeks Nod From U.S. SEC to Tokenize Stocks (www.coindesk.com)
submitted 11 months ago by to c/technology@lemmy.world
18 comments fedilink hide all child comments
 

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.

you are viewing a single comment's thread
view the rest of the comments
[–] 2 points 11 months ago (1 child)

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.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 2 points 11 months ago* (last edited 11 months 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.

  • permalink
  • fedilink
  • source
  • parent