NYSE partners with BlackRock-backed Securitize to develop tokenized securities infrastructure
The New York Stock Exchange (NYSE) has partnered with Securitize, a BlackRock-backed tokenization platform, to develop a 24/7 tokenized securities infrastructure. The partnership aims to support the development of a digital trading platform that enables round-the-clock trading and on-chain settlement of tokenized securities.
The New York Stock Exchange (NYSE) is teaming up with Securitize to develop a tokenized securities platform. Securitize will help develop broker-dealer participation and standards for institutional-grade tokenized securities. As part of the partnership, Securitize will act as the first eligible digital transfer agent for NYSE's Digital Trading Platform. The company will issue shares and ETFs as digital tokens using blockchain technology. The two companies will design standards for other transfer agents to issue and manage tokenized securities compliantly. The partnership follows NYSE's regulatory approval request in January to allow companies to issue blockchain-based securities.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.