kaal:claim:5454054-019

The NASDAQ tokenized stock framework materially expands the addressable market for LER, because every NASDAQ-listed stock becomes potentially eligible for time-weighted voucher reward accruals.

Source quote, verbatim

Second, it significantly increases the addressable market for LER because all of NASDAQ-listed stocks are now potentially eligible for LER's time-weighted voucher loyalty reward accruals.

From

Wulf A. Kaal, Liquid Equity Rewards (2025), NASDAQ's Tokenized Stock Framework and LER Scalability, p. 18
https://ssrn.com/abstract=5454054 · source PDF

Cite as

Wulf A. Kaal, Liquid Equity Rewards (2025). SSRN: https://ssrn.com/abstract=5454054

Holds when

conditional on SEC approval of the NASDAQ framework

Classification

predictivesupport: arguedeconomicstokenomics

Verify

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