Important points
- The NYSE has announced a platform that enables on-chain settlement and 24/7 trading of tokenized securities.
- The platform combines NYSE’s Pillar engine and blockchain system to support multiple payment chains.
The New York Stock Exchange and its parent company, Intercontinental Exchange (ICE), are building a platform to support trading and on-chain payments for tokenized securities, according to a press release on Monday.
Pending regulatory approval, the system will support multiple blockchain networks while enabling continuous trading, instant payments, and stablecoin funding. Tokenized shareholders receive dividends and governance rights just like traditional investors.
NYSE Group President Lynn Martin said in a statement that the company pursues on-chain solutions that integrate trust, regulatory standards and cutting-edge technology. The platform leverages technology to modernize market operations in the digital age while maintaining high regulatory standards.
“We are leading the industry towards complete on-chain solutions based on unparalleled protection and high regulatory standards, combining trust with cutting-edge technology. Leveraging our expertise to reinvent market infrastructure is how we meet and shape the demands of the digital future,” she said.
The platform reflects ICE’s extensive digital infrastructure plans, including 24/7 clearing, tokenized deposits, and cross-border fund management, designed to modernize market operations while maintaining regulatory standards.
The Atlanta-based exchange operator said it is working with major banks such as BNY and Citi to expand its tokenized deposit infrastructure to support liquidity, margin requirements and cross-border funding needs.
“Support for tokenized securities is a critical step in ICE’s strategy to operate on-chain market infrastructure for trading, settlement, custody, and capital formation. new This is the era of global finance,” said Michael Blauglund, vice president of strategic initiatives at ICE.
BNY recently enabled tokenized deposits that allow clients to move value between blockchain networks in a near-realistic way time while maintaining deposits in the bank’s regulated system.
Industry participants include ICE, Circle, and Baillie Gifford. participate In the initial rollout.