Nasdaq’s Crypto Chief: ‘We’ll Move as Fast as We Can’

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The illustrious Nasdaq, that paragon of financial innovation, has made the sacred approval of the SEC a matter of paramount importance, for what is progress without the blessing of the enigmatic guardians of the financial cosmos? 🧙♂️

“We’ll just hasten with the vigor of a man pursued by a pack of wolves,” declared Matt Savarese, Nasdaq’s digital assets alchemist, during a CNBC interview, as if the SEC were a fickle lover demanding a proposal in a fortnight. 🐺

“We must decipher the cryptic whispers of public commentaries and answer the SEC’s riddles with the grace of a poet,” he mused, as if the regulatory body were a mystical entity from a forgotten myth. 📜

Savarese says Nasdaq isn’t “upending the system”

The proposal, a digital serpent coiled around traditional finance, seeks to let investors trade stock phantoms-digital ghosts of equity-on Nasdaq’s hallowed floors. 🕵️‍♂️

“We’re not dismantling the system, dear reader,” Savarese assured, as if the very idea of upheaval were a heresy. “We merely wish to lull the masses into embracing tokenization, one blockchain at a time.” 🎭

“Let us all join this grand parade, lest we be left behind, trampled by the hooves of progress!” he cried, a maniacal grin plastered across his face. 🎉

“We’ll proceed with the caution of a monk in a brothel, bound by SEC’s rules, of course,” he added, as if the regulators were a benevolent deity. 🙏

Only last month, Robinhood’s Vlad Tenev prophesied that tokenization would “devour the financial world,” a statement so dramatic it could rival a Bulgakovian apocalypse. 🌍🔥

The crypto industry is divided on tokenized equities

Savarese, ever the visionary, claimed Nasdaq aims to be the architect of this new era, much like it once transitioned markets from paper to pixels. 📄➡️⚡

Tokenized stocks have become the talk of the crypto taverns, a subject as divisive as a well-made soufflé. 🥞

On Sept. 3, Galaxy Digital’s Mike Novogratz declared his company the first Nasdaq-listed titan to tokenize equity on Solana, a blockchain so fast it makes a cheetah weep. 🐆

Yet, the crypto crowd remains skeptical, for what is progress without a healthy dose of doubt? 🤔

On Oct. 1, Rob Hadick of Dragonfly warned that tokenized stocks might leak value like a sieve, leaving Ethereum and its kin high and dry. 🧼

“A tragedy of epic proportions,” he lamented, as if the crypto world were a Shakespearean drama. 🎭

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2025-11-30 05:10