The New York Stock Exchange (NYSE) is developing a platform for trading and on-chain settlement of tokenised securities, subject to regulatory approval.
The digital platform will support tokenised trading with 24/7 markets, instant settlement, dollar-based order sizing and stablecoin funding, combining its Pillar matching engine with multi-chain blockchain post-trade infrastructure for custody and settlement.
“For more than two centuries, the NYSE has transformed the way markets operate,” said Lynn Martin, president of 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.”
Also subject to regulatory approval, the platform will support a new NYSE venue for trading tokenised shares and natively issued digital securities.
Tokenised shareholders will retain dividends and voting rights, with access provided to all qualified broker-dealers on a non-discriminatory basis, according to the NYSE.
The initiative forms part of ICE’s wider digital strategy, including upgrades to support 24/7 clearing and tokenised collateral.
“Supporting tokenised securities is a pivotal step in ICE’s strategy to operate on-chain market infrastructure for trading, settlement, custody, and capital formation in the new era of global finance,” said Michael Blaugrund, vice president of strategic initiatives at ICE.
ICE is working with banks including BNY and Citi to enable tokenised deposits across its clearinghouses, helping members manage funding and margin outside traditional banking hours.
