The New York Stock Exchange (NYSE) has unveiled intentions to create a groundbreaking trading platform that leverages blockchain technology. This initiative aims to facilitate ongoing trading of tokenized U.S. equities and exchange-traded funds (ETFs).
The new platform is currently awaiting regulatory approval and seeks to modernize traditional financial structures by providing 24/7 access, enabling instant settlement, and allowing trading with stablecoins.
According to the exchange, this proposed platform will integrate its existing Pillar matching engine with blockchain-based post-trade infrastructure. The design is intended to enable real-time trading of tokenized securities on private blockchain networks.
Notably, the platform will be blockchain-agnostic, meaning it will support various blockchain networks for settlement and custody. If granted approval, the venue will accommodate both digital securities issued natively and tokenized shares that are interchangeable with conventional securities.
Lynn Martin, President of NYSE Group, remarked that this development signifies a pivotal shift within the industry towards on-chain solutions that enhance trading efficiency.
Moreover, the NYSE emphasized that securities tokenized on this platform will uphold the same shareholder rights as their traditional counterparts, ensuring that investor protections remain intact.
This venture is part of a broader digital asset strategy being pursued by the Intercontinental Exchange (ICE), the parent company of the NYSE. ICE is reportedly preparing its clearing infrastructure to accommodate continuous market operations.
As this initiative progresses, it could reshape how investors interact with the stock market, making trading more accessible and efficient.
