NYSE embraces tokenization 🤗

The New York Stock Exchange is going big on tokenized stocks and ETFs, readying a blockchain platform to enable 24/7 trading.

📝 What you need to know

The New York Stock Exchange announced Monday that it is developing a blockchain-based platform for trading tokenized securities—one that will operate continuously, 24/7 with instant settlement.

The platform will combine NYSE's trading technology with blockchain systems and support multiple networks, enabling trading of both tokenized traditional securities and native digital securities, allowing investors to participate in dividends and governance.

The initiative involves partnerships with BNY and Citi to facilitate tokenized deposits and fund transfers across different time zones outside traditional banking hours. No timeline has been set for the launch, following regulatory approval.

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