Nasdaq's CEO Says Tokenized Money Is the Key to Unlocking Tens of Billions in Trapped Capital. Here's What That Means for Crypto Investors.

Nasdaq CEO Adena Friedman believes tokenized money (stablecoins) is essential for enabling 24/7 trading and unlocking tens of billions in trapped bank capital. Starting December 6, Nasdaq will trade U.S. stocks 23 hours a day, five days a week. The strategy involves first tokenizing money, then tokenizing collateral and assets. However, Wall Street is expected to adopt crypto tools selectively rather than wholesale, with the biggest beneficiaries being infrastructure operators like Circle, Visa, and Nasdaq itself rather than crypto tokens.