Nasdaq Data to Aid Blockchain-Based Tokenized Stock Trading (1)

The Nasdaq stock exchange will be among the companies delivering price feeds to a service offering tokenized stocks.

Nasdaq’s feed, along with those of Finnhub and Tiingo, will power services on DeFiChain, a native decentralized finance blockchain for the Bitcoin network devoted to monetary applications and services, according to a statement from the blockchain’s community group.

DeFiChain will offer tokenized stocks corresponding to the underlying price of listed companies such as Apple Inc., Tesla Inc., Amazon.com Inc. and GameStop Corp., the statement said. The tokenized stocks will be collateralized by cryptocurrencies, which means traders won’t have to go ...