New York Stock Exchange Plans Tokenized Securities Trading Platform
NYSE’s planned blockchain-based platform aims to merge traditional finance with 24/7 tokenized trading, drawing both praise for crypto adoption and concerns from some about its impact on native ecosystems.
The New York Stock Exchange (NYSE) announced on January 20 that it will develop a tokenized stock trading and settlement platform featuring multi-chain custody and continuous 24/7 trading. The platform will integrate NYSE’s Pillar matching engine with blockchain-based post-trade systems, offer instant settlement for USD-denominated trades, support stablecoin transfers, and allow settlement and custody across multiple blockchains. Industry figures have lauded the initiative as a significant boost for cryptocurrency adoption, while some key opinion leaders cautioned it could negatively affect native blockchain ecosystems. The project is pending regulatory approval.
- Tokenized Securities: Traditional financial assets represented as blockchain-based tokens, enabling faster and more flexible trading.
- On-chain Settlement: Direct transaction finalization recorded on a blockchain, ensuring transparency and reducing counterparty risk.
- Stablecoin: A cryptocurrency pegged to a stable asset like the U.S. dollar, designed to minimize price volatility.