NYSE develops tokenized securities platform to support 24/7 trading

The New York Stock Exchange (NYSE) announced it is creating a platform for the trading and onchain settlement of tokenized securities, which, pending regulatory approval, could facilitate 24/7 trading of U.S.-listed equities and ETFs. This platform will support features like round-the-clock trading, fractional share purchases, dollar-sized orders, and immediate settlement using tokenized capital, including stablecoin-based funding. It integrates the NYSE's Pillar matching engine with blockchain post-trade infrastructure, supporting multiple blockchains for settlement and custody, and is intended to power a new NYSE venue for digital securities. This initiative is part of a larger digital strategy by ICE, the NYSE's parent company, which is also preparing its clearing infrastructure for 24/7 operations by working with banks like BNY and Citi on tokenized deposits. NYSE leadership views this as a crucial step toward fully onchain solutions that merge regulatory standards with advanced technology.

(Source：The Block)