NASDAQ is really anxious this time.

The stock tokenization plan has been internally marked by them as a "top priority task," and they are now fully pushing the SEC to expedite the approval process. In simple terms, they want you to be able to directly use cryptocurrency to buy stock tokens of Apple and Tesla in the future.

The timeline goes back to September 8, when the proposal was officially submitted. However, the NASDAQ official emphasized one point: we are not here to disrupt the market; this method operates entirely within the framework of SEC rules, complying where necessary and reporting where required.

If this works out, the impact could be significant.

First, traditional financial giants are getting directly involved, and tokenized assets are no longer just a PPT concept; they are real, tradable assets. Secondly, the investment threshold may be significantly lowered—just think about it, in the future, the USDT in your wallet could be directly exchanged for Tesla equity tokens. Isn't that an exciting prospect?

Of course, there are also hidden dangers. If these tokenized assets mainly operate on Layer 2, then the value flowing into the Ethereum mainnet may not be as much as imagined. Galaxy Digital has taken the first bite of the crab, becoming the first NASDAQ-listed company to tokenize equity on-chain, but how many followers will there be afterwards? That depends on the SEC's stance.

There are three things we can do now: keep an eye on the SEC's public documents, see which companies will be the first to get on board, and also calculate which chain the funds will flow to.

The wall between traditional finance and the crypto world is being pried open by Nasdaq with a crowbar. Next, we'll see how wide this gap can be pried open.