NYSE taps Securitize for 24/7 tokenized securities platform
The New York Stock Exchange (NYSE) has partnered with Securitize to develop a blockchain-based stock trading infrastructure. The partnership aims to create a 24/7 tokenized securities platform, enabling instant settlement and fractional ownership of stocks and exchange-traded funds (ETFs).
The New York Stock Exchange (NYSE) has signed a memorandum of understanding with Securitize. Securitize will become the first digital transfer agent, enabling it to mint blockchain-based shares for stocks and ETFs. The partnership aims to develop a digital transfer agent program and standards for tokenized securities infrastructure. The planned platform will support 24/7 trading and instant settlement. Tokenized stocks offer investors exposure to stock prices with advantages including 24/7 accessibility and fractional ownership. The agreement is the latest sign that major exchange operators are building blockchain-based trading and settlement infrastructure.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.