The platform remains subject to regulatory approval and would mark a cautious step toward onchain markets.
The New York Stock Exchange is developing a new platform to trade tokenized stocks and exchange-traded funds (ETFs), part of a broader effort to modernize market infrastructure using blockchain-based settlement.
On Monday, the NYSE and its parent company, the Intercontinental Exchange (ICE), announced the development of a new platform with 24/7 trading and instant settlement, combining the company’s Pillar matching engine with blockchain-based post-trade systems, including 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, including stocks and ETFs issued in digital form.
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