NYSE Develops Tokenized Stocks Platform With 24-Hour Trading
The NYSE is creating a blockchain-based platform for 24/7 trading and instant settlement of tokenized stocks and ETFs.Summary
The New York Stock Exchange (NYSE), along with its parent company Intercontinental Exchange (ICE), is developing a new platform to trade tokenized stocks and ETFs, aiming to modernize market infrastructure using blockchain technology. This platform will feature 24/7 trading and instant settlement, utilizing stablecoins instead of the current one-day cycle, subject to regulatory approval. Tokenized stocks offer benefits like 24/7 access and fractional ownership. This initiative aligns with NYSE's broader goal to extend trading hours and move toward "fully on-chain solutions" for trading and settlement, leveraging ICE's global clearing infrastructure and partnerships with banks like BNY and Citibank to support tokenized deposits.
(Source：Cointelegraph)