Blockchain.com And NYSE Plan 24/7 Tokenized Stock Access
TL;DR Blockchain.com and NYSE Group have signed an agreement to explore access to tokenized U.S.-listed stocks and ETFs. The proposed service would use NYSE’s planned digital trading venue and could support around-the-clock trading for eligible global users. Nothing is live yet: the project remains subject to the launch of NYSE’s digital ATS and required regulatory approvals. Blockchain.com and the New York Stock Exchange are exploring a route to bring tokenized U.S. stocks and ETFs directly into a crypto-native trading platform. The two companies have signed an agreement covering product development and market-data sharing, with the longer-term goal of giving Blockchain.com users access to tokenized versions of NYSE-listed securities. The headline feature is obvious: trading would not have to stop when Wall Street closes. Tokenized Stocks Could Trade Outside Normal Market Hours NYSE has already outlined plans for a digital alternative trading system built around tokenized securities. The proposed venue is designed to support features that are far more familiar to crypto traders than traditional brokerage customers: 24/7 access, fractional ownership, stablecoin funding and onchain settlement. Blockchain.com would become a distribution partner if the system launches. That could give its global customer base a way to trade tokenized versions of exchange-listed shares and ETFs from the same broader ecosystem used for digital assets. The companies also want data flowing in both directions. NYSE parent ICE could distribute Blockchain.com crypto-market data, while Blockchain.com would integrate ICE and NYSE equity data into its own products. This Is An Agreement, Not A Live Trading Launch That distinction matters. The companies have signed a memorandum of understanding. Tokenized NYSE securities are not suddenly available for unrestricted 24-hour trading today. The service depends on NYSE launching its planned digital ATS and securing whatever regulatory approvals are required. There will also be jurisdictional restrictions.
Key Takeaways
- TL;DR Blockchain.com and NYSE Group have signed an agreement to explore access to tokenized U.S.-listed stocks and ETFs.
- The proposed service would use NYSE’s planned digital trading venue and could support around-the-clock trading for eligible global users.
- Nothing is live yet: the project remains subject to the launch of NYSE’s digital ATS and required regulatory approvals.
Summary generated by IndiCrypto from NewsBTC. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation
Brazil Orders Reporting of $10K Self-Custody Crypto Wallet Trades
The new measures aim to strengthen the central bank’s AML/TF oversight over digital asset transactions where wallets are under complete user control, a situation that the bank says “can reduce the availability of information for monitoring and risk assessment…
Circle Takes FX Onchain With 24/7 Stablecoin Settlement On Arc
TL;DR Circle has launched StableFX on Arc, giving approved institutions 24/7 access to stablecoin-based foreign exchange settlement. The system uses RFQ pricing from multiple liquidity providers and smart-contract settlement so both sides of a trade complete…
Asia dominates Crypto Adoption Index, Bitget’s $351M hack: Asia Express
The APAC region accounts for half of the Global Crypto Adoption Index. Bitget suffers massive $351M loss and OpenAI forgets to mention its agents hacked the Australian Government.