The head of Nasdaq's encryption business has promised to "accelerate" the process of stock tokenization.

According to a report from Jinse Finance, the head of Nasdaq's cryptocurrency business revealed that the Nasdaq stock exchange is prioritizing obtaining approval from the U.S. Securities and Exchange Commission (SEC) for its proposal to "provide tokenized versions of listed stocks." In an interview on Thursday, when asked if the SEC might approve the proposal this year, Nasdaq's head of digital asset strategy, Matt Savarese, stated, "We will move forward on this matter as quickly as possible." Savarese mentioned, "I think we first need to seriously assess public feedback, and then respond to each question raised by the SEC one by one." He added, "We hope to collaborate with the SEC as soon as possible."