NYSE Is Developing US Stock Tokenization Trading and Settlement Platform, Seeks Regulatory Approval

BlockBeats News, January 19th, according to official sources, Intercontinental Exchange (ICE) Group's New York Stock Exchange (NYSE) announced today that it is developing a platform for tokenized securities trading with on-chain settlement and will seek regulatory approval for this.

The NYSE's new digital platform will support a tokenized trading experience, including 24/7 operation, real-time settlement, order placement in US dollar amounts, and fund transfers based on stablecoins. Its design integrates the NYSE Pillar matching engine with a blockchain-based post-trade system, with the ability to support multi-chain settlement and custody.

Upon receiving regulatory approval, the platform will drive a new NYSE marketplace supporting tokenized stock trading interoperable with traditionally issued securities and digitally native security tokens. Tokenized shareholders will enjoy dividend rights and governance rights similar to traditional shareholders. The marketplace is designed following established market structure principles, achieving distribution through non-discriminatory access to all eligible broker-dealers.

The launch of the NYSE tokenized securities platform is part of Intercontinental Exchange's broader digital strategy, which includes preparing its clearing infrastructure to support 24/7 trading and exploring the integration possibilities of tokenized collateral. ICE is collaborating with banks such as BNY Mellon and CitiGroup to support tokenized deposits in its clearinghouse to assist clearing members in transferring and managing funds, meeting margin obligations outside traditional banking hours, and accommodating fund requirements across jurisdictions and time zones.