
NYSE states its blockchain strategy is focused on interoperability with existing market systems, as executives point to tokenized assets enabling faster settlement and potentially longer trading hours.
NYSE is partnering with Securitize to build infrastructure for issuing and managing stocks and ETFs as blockchain-based digital tokens, with Securitize designated as a digital transfer agent for the platform. According to prior reporting from The Wall Street Journal, the planned system is expected to support 24-hour trading, instant settlement, and stablecoin payments. New comments from NYSE Chief Product Officer Jon Herrick indicate the exchange is not seeking to replace core market infrastructure, but to build on existing systems with interoperability in mind. Herrick said tokenized assets could support real-time settlement and extended trading hours, and added that the distinction between traditional and tokenized securities may diminish over the next 10 years.