SEC approves Nasdaq's move to allow tokenized securities trading

Straight to jail, everyone involved in this and the results t scams should be sent to jail day 1 of the next presidents.

So what I got is that the pre existing stocks will be split behind the scenes into stocks that are settled by a clearing house as usual, and settled by the same clearing house with blockchain.

I'm just confused, if you have one authority, a single one, responsible for settlement, then a database is enough. And a blockchain with one node that writes and many that read, is ridiculous.