NYSE to Build 24/7 Tokenized Securities Trading Platform

Core Insights - The New York Stock Exchange (NYSE) and its parent company, Intercontinental Exchange (ICE), are developing a blockchain-based platform for 24/7 trading of tokenized US equities and ETFs, pending regulatory approval [2] - Tokenized securities, which are digital representations of traditional assets, promise faster trade execution and greater liquidity, with projections of $30 trillion in tokenized assets by 2034 [3][4] Group 1: NYSE Developments - NYSE plans to operate its fully electronic exchange, Arca, for 22 hours a day on weekdays, while Nasdaq seeks regulatory approval for 23-hour trading with a short maintenance pause [4] - The initiative aims to support tokenized securities as part of ICE's strategy for on-chain market infrastructure [2] Group 2: Market Implications - Analysts express uncertainty about the real advantages of 24/7 trading, suggesting it may lead to marginal activity rather than significant trading benefits [3] - Concerns have been raised regarding lower liquidity and higher volatility during non-standard trading hours, as well as regulatory challenges associated with tokenized assets [5] Group 3: Industry Participation - Major firms like BlackRock, WisdomTree, and Franklin Templeton are beginning to tokenize money market funds and mutual funds, while platforms like Robinhood and Kraken have tokenized hundreds of US stocks and ETFs for foreign investors [7]