US EditionNYSE teams up with Securitize to develop tokenized securities platform ...
- On Tuesday, the New York Stock Exchange partnered with Securitize to develop a Digital Trading Platform for tokenized securities, creating infrastructure to issue and settle stocks directly on blockchain.
- Exchange behemoths like the NYSE and Nasdaq are doubling down on blockchain integration to modernize equity markets, seeking to move beyond traditional systems by enabling native tokenization of stocks and ETFs.
- Securitize will serve as the first digital transfer agent, designing standards for operational and regulatory compliance; by bypassing the Depository Trust & Clearing Corp., the platform enables instant settlement and 24/7 trading.
- "Most of these tokenized equities efforts today, they're not really tokenizing the equity," Securitize CEO Carlos Domingo said, distinguishing the platform's native tokenization from derivatives or price trackers.
- Industry leaders aim to eventually transition the $126 trillion global equity market onto blockchain rails, an effort NYSE President Lynn Martin said must preserve the transparency and protections investors expect.
33 Articles
33 Articles
NYSE Teams Up with Securitize as TradFi Bets on Tokenization
Wall Street is trading in its fax machine for blockchain. The New York Stock Exchange (NYSE) is teaming up with digital asset company Securitize to develop a tokenized securities trading platform. The partnership follows NYSE parent company Intercontinental Exchange’s January announcement that it was seeking regulatory approval for such a platform, which would enable 24/7 operations, instant settlement and stablecoin-based funding. Securitize …
The NYSE partners with Securitize to develop the Digital Trading Platform, an alternative 24/7 trading system for tokenized stocks and ETFs on a blockchain (Vicky Ge Huang/Wall Street Journal)
Vicky Ge Huang / Wall Street Journal: The NYSE partners with Securitize to develop the Digital Trading Platform, an alternative 24/7 trading system for tokenized stocks and ETFs on a blockchain — Under the exchange's plan, stocks would trade as digital tokens — The New York Stock Exchange said…
Coverage Details
Bias Distribution
- 78% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
