Nasdaq revealed its new equity token design, emphasizing issuer control and bridging traditional financial markets with decentralized blockchain networks.

The new platform, xChange, enables cross-chain trading of over 70 tokenized stocks across Ethereum and Solana.

The centralized exchange is set to step further into the real-world asset space.

The tokenized stock platform supports Ethereum and other networks, but the majority of capital is concentrated on Solana.

The move brings 24/7 trading of equities and ETFs to DeFi’s largest blockchain.

The tokenized U.S. equities platform is growing rapidly outside the U.S., yet trading volumes remain modest compared with other financial markets.