ICE Plans NYSE Trade Settlements Using Tokenized Cash Instead of Banks
Intercontinental Exchange seeks to bypass traditional banking for New York Stock Exchange settlements, introducing potential new risks in adopting blockchain-based tokenized cash.
Summary
No Summary provided as the original text is short
Terms & Concepts
Tokenized Cash: Digital tokens representing fiat currency on a blockchain, used for transactions while retaining the value of traditional money.
Intercontinental Exchange (ICE): A major global operator of financial and commodity markets, including the New York Stock Exchange.
Blockchain: A decentralized digital ledger technology that records transactions across a network of computers.