Source: DigitalToday
Original Title: New York Stock Exchange Develops 24-Hour Blockchain Trading Platform for Tokenized Stocks and ETFs
Original Link:
The New York Stock Exchange(NYSE) has developed a blockchain-based trading platform for tokenized stocks and exchange-traded funds(ETFs).
This platform supports 24-hour trading and instant settlement, and will operate after regulatory approval. NYSE and its parent company Intercontinental Exchange(ICE) plan to build a new exchange by combining a blockchain-based post-trade system with multi-chain support. Trades are settled in real-time via stablecoins, potentially replacing the existing US stock market’s daily settlement cycle.
Tokenized stocks are a form of traditional corporate shares recorded on the blockchain, offering 24-hour trading and fractional ownership to enhance investor accessibility. NYSE is pushing for 22-hour trading on weekdays to meet global demand, and Nasdaq, which is focused on tech stocks, also plans to introduce 24-hour trading.
This platform development is part of ICE’s digital strategy, including the establishment of clearing infrastructure and integration of tokenized collateral. ICE collaborates with BNY and Citibank to support tokenized deposits within the clearinghouse, enabling fund management outside traditional banking hours.
Michael Blauggrun, Vice President of ICE’s strategic initiatives, said, “Supporting tokenized securities is a key step toward a new era in global finance.”
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New York Stock Exchange develops tokenized stocks·ETF 24-hour blockchain trading platform
Source: DigitalToday Original Title: New York Stock Exchange Develops 24-Hour Blockchain Trading Platform for Tokenized Stocks and ETFs Original Link:
The New York Stock Exchange(NYSE) has developed a blockchain-based trading platform for tokenized stocks and exchange-traded funds(ETFs).
This platform supports 24-hour trading and instant settlement, and will operate after regulatory approval. NYSE and its parent company Intercontinental Exchange(ICE) plan to build a new exchange by combining a blockchain-based post-trade system with multi-chain support. Trades are settled in real-time via stablecoins, potentially replacing the existing US stock market’s daily settlement cycle.
Tokenized stocks are a form of traditional corporate shares recorded on the blockchain, offering 24-hour trading and fractional ownership to enhance investor accessibility. NYSE is pushing for 22-hour trading on weekdays to meet global demand, and Nasdaq, which is focused on tech stocks, also plans to introduce 24-hour trading.
This platform development is part of ICE’s digital strategy, including the establishment of clearing infrastructure and integration of tokenized collateral. ICE collaborates with BNY and Citibank to support tokenized deposits within the clearinghouse, enabling fund management outside traditional banking hours.
Michael Blauggrun, Vice President of ICE’s strategic initiatives, said, “Supporting tokenized securities is a key step toward a new era in global finance.”