Tokenization news: Securitize (CEPT) teaming with NYSE (ICE) on new platform

The New York Stock Exchange (NYSE), owned by Intercontinental Exchange (ICE), is collaborating with Securitize (CEPT) to build infrastructure for trading tokenized securities. This move follows Nasdaq's recent regulatory approval for its own tokenization plan, intensifying the competition to bring equities to blockchain markets. Securitize will act as a design partner, focusing on how transfer agents will function within a blockchain-based system. Backed by investors like BlackRock and Ark Invest, Securitize is poised to be among the first firms able to mint tokenized stocks and ETFs on the NYSE's Digital Trading Platform, pending regulatory approvals. The partnership aims to enable 24/7 trading and faster settlements, mirroring the efficiency of cryptocurrency markets. NYSE Group President Lynn Martin emphasized the importance of maintaining investor trust and transparency during this transition.

(Source：CoinDesk)