The New York Stock Exchange is developing a new blockchain-based platform to trade tokenised stocks and exchange-traded funds around the clock.
The project is being built by the NYSE and its parent company, Intercontinental Exchange, and remains subject to regulatory approval.
The platform will combine the NYSE’s Pillar matching engine with blockchain-based post-trade systems supporting multi-chain custody and settlement.
If approved, the system would underpin a new NYSE trading venue for securities issued in digital form.
The proposal allows trades to be funded and settled in real time, potentially using stablecoins instead of the current one-day settlement cycle.
Tokenised stocks are digital representations of traditional shares that allow fractional ownership and continuous trading access.
The initiative forms part of ICE’s broader digital strategy focused on modernising clearing and settlement infrastructure.
ICE is working with major banks, including BNY and Citibank, to support tokenised deposits across its clearing houses.
“For more than two centuries, the NYSE has transformed the way markets operate,”
Lynn Martin said.
“We are leading the industry toward fully on-chain solutions grounded in high regulatory standards,”
Lynn Martin said.
ICE vice president Michael Blaugrund said supporting tokenised securities is a pivotal step towards operating fully onchain market infrastructure.