Nasdaq has filed a proposal with the U.S. Securities and Exchange Commission to allow trading of tokenized securities, marking a significant move in the world of finance. If approved, this would be the first instance of tokenized securities being traded on a major U.S. stock exchange, showcasing a bold attempt by Nasdaq to bring blockchain-based settlement into the national market system. The move comes amidst a global rise in demand for tokenized assets, with proponents arguing that tokenization can improve liquidity in the financial system.