Nasdaq announces plans to launch an equity tokenization scheme aimed at achieving equity tokenization while retaining issuer control, existing regulatory frameworks, and shareholder rights. The scheme is based on the U.S. Securities and Exchange Commission (SEC) proposal for 2025, striving to modernize processes such as proxy voting and corporate actions. Nasdaq's design will integrate blockchain records into the official stock register to ensure legal validity. Nasdaq will also collaborate with Payward (Kraken's parent company) to develop an equity transfer portal to enable interoperability between regulated markets and permissionless blockchain networks. The project is expected to be operational in the first half of 2027.