The U.S. Securities and Exchange Commission on Wednesday approved a Nasdaq proposal to allow certain stocks to be traded and settled ‌in tokenized form, according to a regulatory filing, marking a step toward integrating blockchain-based settlements into mainstream equity markets.

Exchange operators have been doubling down on their push to capitalize on the boom ⁠in tokenization as regulations for cryptocurrencies ease under the Trump administration.

The move would allow investors to trade high-volume stocks as traditional shares or as blockchain-based digital tokens to be settled through the Depository Trust Company.

Nasdaq had filed a proposal with the SEC in September to amend its rules to allow listed ‌stocks ⁠and exchange-traded products to trade on its main market in either traditional or tokenized form.

Securities eligible for tokenized trading would initially be limited to stocks in the Russell ⁠1000 Index, as well as exchange-traded funds tracking major benchmarks such as the S&P 500 and the Nasdaq 100, ⁠the filing said.

Rival Intercontinental Exchange also said earlier this year that it had developed a platform ⁠for trading and on-chain settlement of tokenized securities, for which the NYSE parent is seekingregulatory approvals.