NYSE develops 24/7 blockchain trading platform for tokenized stocks, ETFs
The platform remains subject to regulatory approval and would mark a cautious step toward onchain markets.
The New York Stock Exchange is developing a new platform to trade tokenized stocks and exchange-traded funds (ETFs), part of a broader effort to modernize market infrastructure using blockchain-based settlement.
On Monday, the NYSE and its parent company, the Intercontinental Exchange (ICE), announced the development of a new platform with 24/7 trading and instant settlement, combining the company’s Pillar matching engine with blockchain-based post-trade systems, including multi-chain support for custody and settlement.
Subject to regulatory approval, the platform is intended to underpin a new NYSE trading venue for tokenized securities, including stocks and ETFs issued in digital form.
Read more
You May Also Like
ZKP Might Be The Next 100x Crypto You Should Watch While ETH Demand Builds, & XRP Stalls in January
Trading time: Tonight, the US GDP and the upcoming non-farm data will become the market focus. Institutions are bullish on BTC to $120,000 in the second quarter.
