# Nasdaq CEO Says Asset Tokenization Could Free Tens of Billions in Capital

- URL: https://stocks.freetheai.org/news/nasdaq-ceo-says-asset-tokenization-could-free-tens-of-billions-in-capital-87e900
- Published: 2026-10-11T10:35:38Z
- Category: crypto; sentiment: bullish; impact: medium
- Symbols: [NASDAQ:NDAQ](https://stocks.freetheai.org/symbols/NASDAQ-NDAQ)
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Nasdaq, Inc. (NASDAQ:NDAQ) Chief Executive Officer Adena Friedman stated that tokenizing financial assets such as stocks and bonds could unlock tens of billions of dollars in capital. Speaking at the TOKEN2049 conference, Friedman explained that digital tokens on blockchain networks allow financial institutions to transfer collateral more efficiently.

The comments come amid expanding institutional adoption and rising retail demand for 24/7 trading. The total market value of tokenized stocks has climbed 473% this year to $3.75 billion, led by issuers Ondo at $980 million, xStocksFi at $954 million, and Binance bStocks at $877 million. BNB Chain leads network activity with $1.19 billion in tokenized stocks, followed by Ethereum at $832 million and Solana at $734 million.

Looking ahead, transitioning toward continuous global trading will require upgrading financial infrastructure, with artificial intelligence managing real-time risk. Industry observers are watching whether tokenization expands global access to U.S. capital markets, alongside new product launches like Securitize bringing backed shares of major equity names onto public blockchains.

## Key points

- Nasdaq CEO Adena Friedman stated that tokenizing stocks and bonds could free up tens of billions of dollars in institutional capital.
- The total market capitalization of tokenized stocks has grown 473% this year to reach $3.75 billion.
- Ondo is the leading tokenized stock issuer with $980 million, followed by xStocksFi at $954 million.
- BNB Chain holds $1.19 billion in tokenized stocks, while Ethereum holds $832 million and Solana holds $734 million.
- Transitioning to 24/7 trading is expected to rely on artificial intelligence for real-time risk management.

## Questions and answers

### What did Nasdaq CEO Adena Friedman say about tokenization?

Nasdaq CEO Adena Friedman stated that tokenizing financial assets like stocks and bonds could make collateral transfers more efficient and unlock tens of billions of dollars in trapped capital for financial institutions.

### How large is the tokenized stock market?

The market capitalization of tokenized stocks has reached $3.75 billion after growing 473% this year. Ondo is the leading issuer with $980 million, followed by xStocksFi at $954 million.

### Which blockchain networks hold the most tokenized stocks?

BNB Chain holds the largest share of tokenized stocks at $1.19 billion, followed by Ethereum with $832 million and Solana with $734 million.