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Key Takeaways
- NYSE announces a platform enabling on-chain settlement and 24/7 trading of tokenized securities.
- The platform combines NYSE's Pillar engine with blockchain systems, supporting multiple settlement chains.
The New York Stock Exchange and its parent company, Intercontinental Exchange (ICE), are building a platform to support trading and on-chain settlement of tokenized securities, according to a Monday press release.
Pending regulatory approvals, the system will allow continuous trading, instant settlement, and stablecoin funding while supporting multiple blockchain networks. Tokenized shareholders will receive dividends and governance rights like traditional investors.
Lynn Martin, President of NYSE Group, said in a statement that the company is pursuing on-chain solutions that integrate trust, regulatory standards, and cutting-edge technology. The platform will uphold high regulatory standards while leveraging technology to modernize market operations in the digital age.
“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. Harnessing our expertise to reinvent market infrastructure is how we’ll meet and shape the demands of a digital future,” she stated.
The platform reflects ICE’s wider 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 collaborating with major banks like BNY and Citi to expand its tokenized deposit infrastructure to support liquidity, margin obligations, and cross-border funding needs.
“Supporting tokenized securities is a pivotal step in ICE’s strategy to operate on-chain market infrastructure for trading, settlement, custody, and capital formation in the new era of global finance,” said Michael Blaugrund, Vice President of Strategic Initiatives at ICE.
BNY has recently activated tokenized deposits that allow clients to move value across blockchain networks in near real time while maintaining deposits in the bank’s regulated system.
Industry participants, including ICE, Circle, and Baillie Gifford, are taking part in the initial rollout.