UThomas Daniels
I-Nasdaq, i-stock exchange yesibini ngobukhulu emhlabeni jikelele nge-capitalisation ye-marketization, ingenise isicelo esisemthethweni kwi-US Securities and Exchange Commission (SEC) ifuna utshintsho lolawulo olulawulayo oluya kuvumela ukudweliswa kunye nokuthengiswa kwee-tokenized stocks kwi-US elawulwayo.
Isindululo simele inyathelo elibalulekileyo ekudibaniseni izibambiso ezisekwe kwi-blockchain kwiimarike ezinkulu zemveli. Ukuba zivunyiwe, izabelo ezinophawu ziya kuphathwa ngokulingana nezitokhwe zemveli-ezinikwe ukuba zidlulisele amalungelo kunye nezibophelelo ezifanayo. Ukufakwa kwe-Nasdaq kugxininisa ukuba ezi zibambiso zedijithali ziya kusebenza phantsi kokuphunyezwa okufanayo, ukulungiswa, kunye nemigangatho yamaxwebhu esele ilawula izabelo zesiqhelo.
Esi sihlomelo somgaqo asiyi kuphucula kuphela indlela i-asethi ekhutshwa ngayo kwaye ihlaliswe ngayo kodwa kwakhona idale isakhelo apho iziseko ze-blockchain zihlala kunye nenkqubo ekhoyo yemarike yelizwe. Ngokukodwa, i-Nasdaq iphakamisa ukuba zonke ii-asethi ezinophawu zibhalwe ngokucacileyo ukuze kuqinisekiswe ukucaca okupheleleyo kubathathi-nxaxheba bemarike, kubandakanywa neendawo zokucoca ezifana ne-Depository Trust Company (DTC), ngaloo ndlela kugcinwe imfezeko yokusebenza kuyo yonke inkqubo yokuhlaliswa.
Okubalulekileyo, izabelo ezinethokheni ziya kuthwala umyalelo ofanayo wokuphunyezwa njengezabelo zamashishini eziqhelekileyo, ukuqinisa umgaqo wokungathathi hlangothi kweemarike kungakhathaliseki uhlobo lwe-asethi. Isigqibo se-SEC kulo mbandela sinokuvula indlela yokuqala ethobela ngokupheleleyo, ukurhweba kwi-chain ye-securities elawulwayo e-US, enokuthi iqalise ngokukhawuleza kwikota yesithathu ye-2026.
Nangona indawo elawulayo ihlala ilumkile, isiphakamiso sikaNasdaq sigxininisa ukuzibophezela kwayo kwizinto ezintsha ngaphakathi kwesakhelo esikhoyo somthetho-ukuqinisekisa ukukhuselwa kweemarike kugcinwa ngelixa ukwandisa ukufikelela kwizixhobo zemali ze-blockchain. Olu phuhliso lunokuphucula ngokubonakalayo ukuthengiswa kwemali, ukungafihli, kunye nokusebenza kakuhle kuzo zonke iimarike ezinkulu, kubonisa ixesha elitsha kurhwebo lwezibambiso.
