A month after Nasdaq disclosed that it wants to extend US equities trading to nearly 24 hours a day, the New York Stock Exchange (NYSE) is now planning to offer tokenised securities trading.
Intercontinental Exchange (ICE), which owns the NYSE, said it plans to launch a new NYSE venue later this year that would list tokenised stocks and tokenised exchange-traded funds (ETFs), subject to regulatory approval.
The system will combine NYSE’s order-matching technology with private blockchain networks to run what ICE describes as a real-time market for tokenised instruments.
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ICE is pitching the venue as an upgrade to how securities move, not just when they trade. The company says the platform is designed to support 24/7 operations, faster settlement, orders expressed in dollar amounts rather than share quantities, and funding via stablecoins.
Michael Blaugrund, ICE vice president of strategic initiatives, said supporting tokenised securities is a key step in ICE’s strategy to operate on-chain market infrastructure.
Supporting tokenized securities is a pivotal step in ICE’s strategy to operate onchain market infrastructure for trading, settlement, custody, and capital formation in the new era of global finance
Michael Blaugrund, ICE vice president of strategic initiatives
This caused some interesting reactions on Crypto Twitter; basically, you’re taking the best parts of crypto and putting them inside a system people already trust, so you get nonstop trading, faster settlement, and the ability to buy small pieces of assets. But instead of risky tokens, you’re trading well-known things like major stocks and funds under clear rules.
That matters because a lot of money sits in DeFi and altcoins mainly to get those crypto-style benefits. All things considered, if investors can get the same flexibility with familiar assets, there is less reason to keep money in volatile or experimental tokens.
Over time, that pulls liquidity away from smaller coins, making them harder to trade and more unstable in price.
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The post NYSE Plans Tokenised Securities Trading Platform, Pending Regulatory Approval appeared first on Crypto News Australia.

