New York Stock Exchange Reveals Trading Platform for Tokenized Stocks and ETFs

Core Viewpoint - The New York Stock Exchange (NYSE) is developing a blockchain-based trading platform for tokenized securities that will operate 24/7 with instant settlement, marking a significant evolution in market infrastructure [1][2]. Group 1: Platform Development - The NYSE, operated by Intercontinental Exchange (ICE), aims to lead the industry towards fully on-chain solutions, combining advanced trading technology with blockchain post-trade systems [2]. - The new platform will facilitate trading of both tokenized shares of traditional securities and native tokenized securities, enabling investor participation in shareholder dividends and governance [3]. Group 2: Strategic Partnerships and Initiatives - ICE is collaborating with major banking institutions such as BNY and Citi to support the tokenized deposit process and manage fund transfers across its clearinghouses outside traditional banking hours [4]. - The initiative is part of ICE's broader strategy to establish on-chain market infrastructure for trading, settlement, custody, and capital formation in the evolving landscape of global finance [4]. Group 3: Market Trends and Context - Tokenization has emerged as a prominent theme in blockchain, with industry leaders like BlackRock's Larry Fink highlighting it as a major evolution in market infrastructure [6]. - Other companies, such as Robinhood and Coinbase, are also entering the tokenized equity space, indicating a growing trend towards this innovative financial model [6].