NYSE develops tokenized securities platform that will allow fractional share trading, imediate settlement via tokenized capital and 24×7 trading of U.S listed equities and ETFs

The New York Stock Exchange, part of Intercontinental Exchange, Inc., a leading global provider of technology and data, announced its development of a platform for trading and on-chain settlement of tokenized securities, for which it will seek regulatory approvals.

„NYSE’s new digital platform will enable tokenized trading experiences, including 24/7 operations, instant settlement, orders sized in dollar amounts, and stablecoin-based funding. Its design combines the NYSE’s cutting-edge Pillar matching engine with blockchain-based post-trade systems, including the capability to support multiple chains for settlement and custody.” – the company said.

Subject to regulatory approvals, the platform will power a new NYSE venue that supports trading of tokenized shares fungible with traditionally issued securities as well as tokens natively issued as digital securities. Tokenized shareholders will participate in traditional shareholder dividends and governance rights. The venue is designed to align with established principles for market structure, with distribution via non-discriminatory access to all qualified broker-dealers.

The launch of the NYSE’s tokenized securities platform is one component of ICE’s broader digital strategy, which includes preparing its clearing infrastructure to support 24/7 trading and the potential integration of tokenized collateral. ICE is now working with banks including BNY and Citi to support tokenized deposits across ICE’s clearinghouses to help clearing members transfer and manage money outside of traditional banking hours, meet margin obligations, and accommodate funding requirements over different jurisdictions and time zones.

“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. Harnessing our expertise to reinvent market infrastructure is how we’ll meet and shape the demands of a digital future.”

ICE, parent company of the NYSE and operator of six clearing houses around the world including the world’s largest energy clearing house and the world’s largest clearing house for credit default swaps, has been at the forefront of market innovation for more than 25 years.

„Since its founding, ICE has propelled markets from analog to digital,” said Michael Blaugrund, Vice President of Strategic Initiatives, ICE. “Supporting tokenized 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.”