Traditional Markets Meet Crypto Tech in NYSE Tokenization Plan

The New York Stock Exchange is bridging traditional finance and digital asset technology with a new platform for tokenized securities. Monday’s announcement outlined a path toward potentially enabling 24/7 trading of US equities and ETFs through on-chain settlement, subject to regulatory consent.

Features highlighted in the release include perpetual market hours, the ability to purchase any dollar amount of fractional shares, and instant settlement. The platform will also allow for funding via stablecoins, the company stated.

Under the hood, the project fuses the exchange’s proven Pillar matching engine with blockchain-based infrastructure for clearing and custody, supporting multiple chains. This combination is intended to drive a new NYSE trading venue focused solely on digital securities.

The proposed venue would accommodate both tokenized representations of conventional stocks and assets issued natively as digital securities. Investors holding tokenized shares would keep their full suite of shareholder rights, and access for qualified broker-dealers would be provided on a fair basis.

This platform represents a significant piece of the digital roadmap for Intercontinental Exchange, the NYSE’s parent company, which is concurrently upgrading its back-end clearing systems to operate 24 hours a day.