The New York Stock Exchange is preparing infrastructure to support 24/7 trading of tokenized stocks and ETFs.
This effort is being developed under NYSE parent Intercontinental Exchange. It would allow traditional securities to trade continuously using blockchain-based rails, rather than the fixed market hours and delayed settlement that define today's equity markets.
Key elements under consideration include 24/7 trading, removing weekday-only market hours. Tokenized representations of stocks and ETFs would have the same economic rights as traditional shares. The platform would feature faster, potentially onchain settlement, reducing clearing and counterparty risk. It would also maintain compatibility with stablecoins and tokenized cash, enabling instant funding and movement of capital.
The platform would still require regulatory approval and isn't live yet.
"For more than two centuries, the NYSE has transformed the way markets operate," said Lynn Martin, President of NYSE Group. "We are leading the industry toward fully on-chain solutions, grounded in the unmatched protections and high regulatory standards that position us to marry trust with state-of-the-art technology."
Back in December, BlackRock CEO Larry Fink and COO Rob Goldstein said that finance is "entering the next major evolution in market infrastructure," one that could move assets "faster and more securely than systems that have served investors for decades."
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