The New York Stock Exchange is partnering with Securitize to build a blockchain-based trading platform for tokenized securities. The initiative aims to enable 24/7 trading with full shareholder rights.
Wall Street Pushes Deeper Into Tokenized Equities With 24/7 Trading PlatformThe partnership also includes plans to create a framework for other transfer agents. This framework will set standards for issuing and managing tokenized securities in a compliant way.
NYSE plans to partner with Securitize as a premier design partner in the development of a digital transfer agent program intended to support on-chain settlement of tokenized security transactions. We plan to focus on establishing regulatory, operational, and technology requirements for institutional-grade tokenized securities infrastructure.
The move follows NYSE’s earlier filing to launch the platform, as competition intensifies. Nasdaq recently received approval to support tokenized trading within its existing infrastructure. However, Nasdaq plans to rely on traditional clearing systems, while NYSE is building a separate blockchain-based venue.
Still, challenges remain. Past tokenized products have faced pricing gaps and regulatory questions. NYSE and Securitize aim to address these issues by working directly with issuers to create native digital securities rather than synthetic versions.
FAQ What is NYSE’s tokenized securities platform? It is a new blockchain-based system that allows stocks and ETFs to be issued and traded as digital tokens. What role does Securitize play? Securitize will act as a digital transfer agent, helping create and manage tokenized shares on the blockchain. How is this different from current tokenized stocks? NYSE aims to offer real ownership rights, including dividends and voting, unlike many existing products. Will trading be available all day? Yes. The platform is designed for 24/7 trading with faster settlement compared to traditional markets.
