The New York Stock Exchange (NYSE) has partnered with Securitize to help build a new blockchain-based platform for trading tokenized securities around the clock.
Under the agreement, Securitize will act as NYSE’s first digital transfer agent, allowing it to issue blockchain-based versions of stocks and ETFs. It will also help set standards for how tokenized shares are created and managed in a compliant way.
The move is part of a broader push by NYSE’s parent company, Intercontinental Exchange, to develop a digital trading platform that supports 24/7 trading, faster settlement and onchain transactions.
The planned platform aims to support both traditional shares represented on the blockchain and fully digital-native securities, while keeping key investor rights such as dividends and voting.
The partnership highlights growing interest from major financial institutions in using blockchain technology to modernize stock markets, even as rules for tokenized securities are still evolving.
Featured image from: cointelegraph.com