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 hours.
- Tokenized Assets: Trades digital tokens representing company shares and ETFs, fungible with traditional securities.
- Parallel Operation: Will run alongside the existing NYSE, not replace it, supporting both traditional and tokenized assets.
Strategic Significance:
- Modernization: Bridges traditional finance with blockchain technology for a more efficient, globally accessible market.
- Expanded Access: Offers greater investor accessibility and new opportunities for participation in digital asset markets.
- Integration: Leverages existing NYSE technology (like the Pillar matching engine) with blockchain, unifying financial infrastructure.
Partnerships & Outlook:
- Intercontinental Exchange (ICE) is collaborating with major banks, including BNY and Citi, to support tokenized deposits for funding.
- The initiative is part of a broader push to onboard real-world assets onto blockchain rails, with industry expectations for significant growth in tokenized assets.
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