The New York Stock Exchange (NYSE) has announced the development of a platform for trading and on-chain settlement of tokenised securities, for which it will seek regulatory approval.
The platform will support tokenised trading, including 24/7 operations, instant settlement, orders in dollar amounts, and stablecoin-based funding.
It will integrate the NYSE’s Pillar matching engine with blockchain-based post-trade systems, capable of supporting multiple chains for settlement and custody.
Subject to regulatory approval, the platform will operate a new NYSE venue allowing trading of tokenised shares fungible with traditional securities, as well as tokens issued directly as digital securities.
Tokenised shareholders will retain dividend and governance rights.
The venue is designed to follow established market structure principles, providing non-discriminatory access to qualified broker-dealers.
The platform forms part of ICE’s broader digital strategy, which includes adapting its clearing infrastructure to support 24/7 trading and potential integration of tokenised collateral.
ICE is collaborating with banks, including BNY and Citi, to enable tokenised deposits across its clearinghouses, assisting clearing members with transfers, margin obligations, and cross-jurisdiction funding outside traditional banking hours.
“For more than two centuries, the NYSE has transformed the way markets operate,”
said Lynn Martin, President, NYSE Group.
“We are leading the industry toward fully on-chain solutions, grounded in the unmatched protections and high regulatory standards that position us to marry trust with state-of-the-art technology.”
ICE, which operates six clearing houses globally, including the world’s largest for energy and for credit default swaps, has been developing market infrastructure innovations for over 25 years.
Featured image credit: Edited by Fintech News Switzerland, based on image by halalstock via Freepik
