Crypto Briefing • October 9th 2026, 12:06 AM
Nasdaq CEO Adena Friedman says tokenization can free billions in trapped capital
Key Summary
Nasdaq CEO Adena Friedman believes that tokenization can free up billions of dollars in trapped capital and make assets more liquid. She argues that digital assets can facilitate faster settlement and reduce the amount of money tied up in traditional brokerage systems. Nasdaq is proposing a tokenized settlement framework that would allow for optional routing to digital wallets and keep the existing settlement backbone in place via the Depository Trust & Clearing Corporation.
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Introduction
Nasdaq CEO Adena Friedman has expressed her belief that tokenization can free up billions of dollars in trapped capital and make assets more liquid. She argues that digital assets can facilitate faster settlement and reduce the amount of money tied up in traditional brokerage systems.Background
Friedman made her comments at the Swell conference in November 2025, where she stated that there is#Nasdaq#Tokenization#US#SEC