NYSE and Blockchain.com to Explore Selling Tokenised Stocks
The agreement would give Blockchain.com users access to tokenized U.S. equities and ETFs while ICE Data Services distributes crypto market data to subscribers.
- On Wednesday, the New York Stock Exchange and Blockchain.com signed a memorandum of understanding to explore offering tokenized U.S. stocks and ETFs to the platform's users through NYSE's digital alternative trading system.
- Forecasts from the Citi Institute project a $5.5 trillion market for tokenized assets by 2030, positioning the deal as "a bet by both parties on where capital markets are heading," Blockchain.com said.
- Peter Smith, Blockchain.com Executive Chairman, CEO, and Co-Founder, emphasized expanding access, saying the platform reaches more than 44 million confirmed accounts across over 70 jurisdictions. NYSE Group President Lynn Martin called the partnership a "natural complement" to their services.
- Wednesday's announcement arrives six days after the Securities and Exchange Commission granted a five-year exemption for onchain venues. Intercontinental Exchange, the NYSE parent, previously partnered with Securitize and OKX to build tokenization infrastructure.
- The initiative seeks to offer users 24/7 trading and faster settlement compared to traditional equity markets, though the companies have not yet disclosed specific launch markets for the tokenized products.
32 Articles
32 Articles
Blockchain.com and NYSE explore 24/7 trading of tokenized US stocks
Blockchain.com and NYSE Group have signed an agreement to explore giving eligible users access to tokenized U.S. stocks and ETFs through the exchange’s planned 24/7 digital trading venue. According to Blockchain.com’s Sep. 23 announcement, the companies signed a memorandum of…
NYSE and Blockchain.com to explore selling tokenised stocks
Sept 23 : The New York Stock Exchange and crypto exchange Blockchain.com will together explore creating crypto versions of US-listed stocks, Blockchain.com said in a press release on Wednesday.The partnership is the latest example of a mainstream stock exchange looking to cash in on tokenisation, which is t
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Blockchain.com and NYSE Partner to Explore Global, 24/7/365 Trading of Tokenized Securities
Collaboration may include delivering Blockchain.com's deep crypto market data and analytics to ICE's data subscribers and embedding NYSE and ICE's data across Blockchain.com platform
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