The New York Stock Exchange has announced it is developing a platform for trading and on-chain settlement of tokenized securities, and will seek regulatory approvals. According to a press release, the new digital platform will enable tokenized trading experiences, including 24null7 operations, instant settlement, orders sized in dollar amounts, and stablecoin-based funding.
Subject to regulatory approvals, the platform will support tokenized shares fungible with traditionally issued securities. It will also support tokens natively issued as digital securities.
This development signals continued moves to integrate blockchain-enabled settlement into mainstream markets, potentially improving efficiency and liquidity for tokenized financial instruments. If approvals are granted, the NYSE platform could broaden access to digital securities and support new funding dynamics via stablecoins.
Leave a Reply