NYSE developing platform for tokenized stocks and ETFs with 24/7 trading

The New York Stock Exchange and its parent, Intercontinental Exchange (ICE), are developing a platform to trade tokenized stocks and exchange-traded funds (ETFs) with 24/7 trading and instant settlement, the companies said. The proposed system would combine the NYSE’s Pillar matching engine with blockchain-based post-trade systems and 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 and could permit trades to be funded and settled in real time using stablecoins instead of the current one-day settlement cycle. The announcement frames tokenized stocks as traditional shares minted on a blockchain ledger that can offer 24/7 accessibility and fractional ownership.

ICE said the project is part of a broader digital strategy that includes building clearing infrastructure, support for 24/7 trading and the “potential integration” of tokenized collateral, and that it is working with banks such as BNY and Citibank to support tokenized deposits across its clearinghouses.

Key Topics

Crypto, Nyse, Intercontinental Exchange, Pillar Matching Engine, Tokenized Securities, Stablecoins