US EditionNYSE-parent Intercontinental Exchange develops platform for 24/7 tokenized securities trading
The platform enables 24/7 trading, instant settlement, fractional shares, and stablecoin funding, aiming to modernize market infrastructure and meet rising investor demand, NYSE said.
- Intercontinental Exchange has developed a platform for trading and on-chain settlement of tokenized securities to capitalize on global demand for U.S. equities.
- The NYSE's new digital platform will enable 24/7 operations, instant settlement, orders sized in dollar amounts, and stablecoin-based funding, once regulatory approvals are obtained.
- The NYSE's move into tokenized securities trading follows a similar proposal by Nasdaq Inc. last year to allow member firms and investors to tokenize equity securities and ETFs traded on the exchange.
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The NYSE's big tokenization plan is nothing but vaporware a says Columbia business professor
In 1998, the world’s largest telecom, AT&T, cut a series of deals with a popular startup called Excite. By distributing Excite’s content and search tools over its giant cable network, the company believed it could extend its dominance into the emerging Internet era. Google, of course, had other plans and today its market cap is 20 times larger than AT&T. I thought about AT&T as I read the New York Stock Exchange’s announcement of a new platform …
NYSE to Build 24/7 Tokenized Securities Trading Platform
Some places never close — casinos, convenience stores, Waffle Houses — and soon, the New York Stock Exchange might join them. NYSE and its parent company, Intercontinental Exchange, are developing a blockchain-based platform that would allow 24/7 trading of tokenized US equities and ETFs, pending regulatory approval. “Supporting tokenized securities is a pivotal step in ICE’s strategy to operate on-chain market infrastructure for trading, settle…
Fast Company
Cryptocurrency News | Cryptocurrency Prices | Market CapWhat are tokenized securities? Risks and what to know as stock exchange NYSE embraces the blockchain
The biggest shift would be the introduction of 24/7 trading, much like Bitcoin investors currently enjoy, but some have urged the SEC to tread carefully.
The initiative from the world's largest stock exchange is still pending regulatory approval, and there is no set timeline for its launch.
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