US Congress Schedules Tokenization Hearing as SEC Clears Nasdaq Russell 1000 Pilot

The House Financial Services Committee will hold a hearing, "Tokenization and the Future of Securities: Modernizing Our Capital Markets," on Wednesday at 10AM ET. In the same week, the SEC approved Nasdaq's pilot to test tokenized versions of select Russell 1000 stocks and related index ETFs while reiterating that tokenized assets remain securities under federal law.