NYSE and Blockchain.com to Explore Selling Tokenised Stocks
The agreement would give Blockchain.com users access to tokenized U.S. equities and ETFs while ICE Data Services distributes crypto market data to subscribers.
- On Wednesday, the New York Stock Exchange and Blockchain.com signed a memorandum of understanding to explore offering tokenized U.S. stocks and ETFs through NYSE's digital alternative trading system, subject to regulatory approval.
- The partnership capitalizes on growing tokenized asset adoption, with the Citi Institute forecasting a $5.5 trillion market by 2030. Blockchain.com described the deal as "a bet by both parties on where capital markets are heading."
- Peter Smith, Blockchain.com Executive Chairman, CEO, and Co-Founder, stated people "shouldn't be limited in owning stocks based on where they happen to live." Blockchain.com serves more than 44 million confirmed accounts across over 70 jurisdictions.
- Wednesday's announcement arrived six days after the Securities and Exchange Commission granted a five-year exemption for onchain venues. Intercontinental Exchange, NYSE's parent, previously partnered with Securitize and OKX to develop tokenization infrastructure.
- The integration aims to offer 24/7 trading and faster onchain settlement compared to traditional equity markets. However, the companies have not yet disclosed which countries will launch the tokenized products.
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NYSE and Blockchain.com to explore selling tokenised stocks
Sept 23 : The New York Stock Exchange and crypto exchange Blockchain.com will together explore creating crypto versions of US-listed stocks, Blockchain.com said in a press release on Wednesday.The partnership is the latest example of a mainstream stock exchange looking to cash in on tokenisation, which is t
Star Local
The QueenslanderBlockchain.com and NYSE Partner to Explore Global, 24/7/365 Trading of Tokenized Securities
Collaboration may include delivering Blockchain.com's deep crypto market data and analytics to ICE's data subscribers and embedding NYSE and ICE's data across Blockchain.com platform
Blockchain.com and the New York Stock Exchange have announced an alliance for token trading of US and ETF shares. The goal is to make trading active twenty-four hours a day, seven days a week. Blockchain.com key points and NYSE develop together a platform for token trading of US and ETF shares, designed to work without [...]
Crypto Briefing
Cryptocurrency News | Cryptocurrency Prices | Market CapNYSE and Blockchain.com strike deal to bring tokenized stocks to crypto users
The partnership could revolutionize access to traditional equities for crypto users, potentially reshaping global trading dynamics and market accessibility.
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