NYSE Develops 24/7 Tokenized Securities Trading Platform

The New York Stock Exchange (NYSE) announced plans to create a 24/7 trading platform for tokenized U.S.-listed equities and ETFs, integrating on-chain settlement. Launch will follow regulatory approvals.

Key Features of the NYSE Tokenized Securities Platform

The platform will merge the existing NYSE market framework with blockchain technology, utilizing the Pillar matching engine alongside blockchain-based post-trade systems.
Supports multiple blockchains for settlement and custody.
Enables instant settlement, stablecoin funding, and fractional share trading.
Tokenized shares will provide traditional shareholder benefits like dividends and governance rights.

NYSE is collaborating with banks such as BNY Mellon and Citigroup to facilitate tokenized deposits outside standard banking hours, enhancing margin and funding capabilities.

Market Implications

Intercontinental Exchange (ICE) traded at $173.98 (+0.43%), BNY Mellon at $121.33 (-2.16%), and Citigroup at $118.04 (+0.50%).
The new venue could change how financial markets operate by allowing transactions around the clock, supported by stablecoin funding.
The SEC's involvement will be crucial in determining regulatory compliance and risk management.

Further developments are anticipated as Nasdaq also aims for extended trading hours, indicating growing interest in continuous market access.