Three big banks join forces to create a person-to-person electronic payments service that still has problems, but you’ll have to pay for the privilege to use it **** READ MORE: Your Money: Why It’s So Hard to Transfer Cash to Your Friends - Your Money:
The New York Stock Exchange (NYSE), via its owner Intercontinental Exchange (ICE) , is building a new digital trading venue for 24/7 trading of tokenized stocks and ETFs, using blockchain and stablecoin-based funding for instant settlement, aiming to modernize markets by running parallel to the traditional exchange. This platform will support native digital securities and traditional shares as tokens, allowing for continuous liquidity and integrating digital assets into mainstream finance, with plans to launch later in 2026 after regulatory approval. Key Features of the New NYSE Platform: 24/7 Trading: Operates continuously, unlike the traditional exchange's weekday hours. Instant Settlement: Transactions settle immediately, moving away from the current T+1 (trade date plus one day) model. Stablecoin-Based Funding : Uses stablecoins (digital tokens pegged to fiat currency like the USD) for funding and collateral, streamlining processes outside banking hou...
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