NYSE partners with BlackRock-backed Securitize to launch tokenized trading
The NYSE is partnering with BlackRock-backed Securitize to launch a 24/7 platform for trading tokenized securities.Summary
The New York Stock Exchange (NYSE) is collaborating with Securitize, a tokenization platform supported by BlackRock, to establish a continuous, 24/7 platform for trading tokenized securities. Under this agreement, Securitize will function as the NYSE's inaugural digital transfer agent, tasked with issuing shares and ETFs as digital tokens utilizing blockchain technology. The partnership also involves developing standards for other transfer agents to manage and issue tokenized securities in a compliant manner. Furthermore, Securitize’s broker-dealer will integrate with the new Digital Trading Platform, offering an alternative venue for trading these digital tokens. This move follows the NYSE's earlier pursuit of regulatory approval to permit the issuance of blockchain-based securities.
(Source：Crypto Briefing)