The New York Stock Exchange announces the launch of a new blockchain platform to target the year-round tokenized securities market.

The New York Stock Exchange (NYSE) announced plans to launch a brand-new blockchain trading platform later this year, allowing investors to trade tokenized stocks and exchange-traded funds (ETFs) around the clock. The new platform is still awaiting approval from the U.S. Securities and Exchange Commission (SEC). Once approved, it will mark a major revolution in the U.S. mainstream securities market toward 24/7 trading.

NYSE Responds to Global 24-Hour High Trading Demand with Real-Time USD Settlement

According to a press release from the New York Stock Exchange and its parent company, Intercontinental Exchange (ICE), the new platform will be built on a private blockchain network, integrating NYSE’s existing matching technology to provide real-time settlement, USD-denominated orders, and a stablecoin-based financing mechanism. This design aims to meet the needs of global investors for cross-timezone, instant trading and settlement, especially for market participation during weekends and non-traditional trading hours.

The new platform will utilize a private blockchain network to achieve real-time settlement, USD-denominated orders, and stablecoin-based financing, while retaining traditional shareholder rights such as dividends and corporate governance. The platform will support tokenized shares interchangeable with existing listed stocks and will also allow trading of native issued digital securities tokens. Even if securities exist in token form, investors will still enjoy traditional shareholder rights, including dividend distribution and voting rights, ensuring that tokenization does not diminish investor rights.

ICE Vice President: Tokenized Securities Are a Key Milestone in Financial Evolution

Michael Blaugrund, Vice President of Strategy Planning at ICE, stated that supporting (Tokenized Securities) is a key milestone in ICE’s digitalization process of the global financial system. He pointed out that ICE aims to develop on-chain market infrastructure for trading, settlement, custody, and capital formation, enabling the financial markets to adapt to new technologies and investment behaviors. The platform’s key feature is real-time settlement. Traditional stock trading usually requires longer settlement times, but blockchain technology can significantly shorten the settlement process, reduce counterparty risk, and improve capital efficiency. ICE indicated that by combining stablecoins and tokenized deposits, market participants will be able to manage funds and margins during non-banking hours.

ICE Collaborates with Bank of New York Mellon and Citibank to Promote Tokenized Deposits and Clearing Services

To support the development of 24/7 trading, ICE is also working with major financial institutions, including Bank of New York Mellon (BNY) and Citibank (Citi), to promote (Tokenized Deposits) and 24-hour clearing services. These collaborations will help clearing members more flexibly allocate funds across different jurisdictions and time zones, further strengthening the connectivity of global markets.

Lynn Martin, President of the NYSE Group, stated that NYSE has been continuously transforming market operations for over two centuries and is now leading the industry toward more comprehensive on-chain solutions. She emphasized that NYSE will leverage cutting-edge technologies like blockchain under strict regulatory and security standards to reshape market infrastructure and meet the demands of the digital financial era.

Traditional exchanges face increasing competitive pressure. NYSE’s main competitor in the U.S., Nasdaq, announced last year plans to offer near-24/7 trading services for stocks and exchange-traded products to accommodate the globalization of investor behavior and the year-round nature of the crypto asset markets.

If NYSE’s tokenized securities platform receives regulatory approval smoothly, it could change investors’ perceptions of trading hours and settlement efficiency in the stock market, and attract more young and international investors accustomed to crypto markets into traditional securities markets. However, regulatory attitudes remain a key variable before the platform’s official launch. ICE stated that it has already submitted relevant application documents to regulators and will continue communication with regulatory agencies, aiming to officially launch this 24/7 blockchain trading platform within this year, opening a new operational model for global capital markets.

This article, “NYSE Announces Launch of a New Blockchain Platform to Enter the 24/7 Tokenized Securities Market,” first appeared on Chain News ABMedia.