EconomyWhy Nasdaq surveillance cannot settle the fight over 24/7 tokenized markets
Nasdaq’s planned $100 million investment in Payward, Kraken’s parent, includes surveillance across crypto, equities, tokenized equities, futures and options. But the technology cannot determine how products should be classified under federal law. Citadel Securities has urged regulators to keep products linked to public companies within the SEC’s perimeter, highlighting how classification still controls listing routes, market access and investor protections.
Why Nasdaq surveillance cannot settle the fight over 24/7 tokenized markets
Economy