The New York Stock Exchange is moving toward a blockchain-based trading platform designed to support round-the-clock trading of tokenized stocks and exchange-traded funds (ETFs), signaling a cautious but significant shift in traditional market infrastructure.
The proposed platform, developed with its parent company Intercontinental Exchange, would combine existing high-speed matching technology with blockchain-powered settlement and custody systems. If approved by regulators, it would form the backbone of a new NYSE venue where securities are issued and traded in tokenized digital form.
A key feature of the platform is 24/7 market access with near-instant settlement, a sharp contrast to the current one-day settlement cycle used in U.S. equity markets. Trades could be funded and settled using stablecoins, allowing capital to move efficiently outside traditional banking hours.
Tokenized stocks represent conventional shares recorded on blockchain ledgers, offering benefits such as continuous trading availability, fractional ownership, and faster settlement. The initiative aligns with broader industry efforts to extend trading hours and meet rising global demand for U.S. assets.
Beyond trading, the project reflects a wider push toward fully onchain market infrastructure, including clearing and collateral management. While still subject to regulatory review, the move highlights how established exchanges are preparing for a future where blockchain technology and traditional finance increasingly converge.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.