The New York Stock Exchange (NYSE), a subsidiary of Intercontinental Exchange (ICE), is reportedly launching a major initiative to modernize global trading infrastructure through the development of a 24/7 blockchain-based platform. This new digital market aims to revolutionize the trading of conventional assets by introducing tokenization.
The core focus of the platform is the continuous trading and instant settlement of tokenized stocks and Exchange-Traded Funds (ETFs). By utilizing distributed ledger technology (DLT), the NYSE seeks to overcome the limitations of traditional trading hours and the standard T+2 settlement cycle, offering unparalleled liquidity and accessibility for global investors.
Key features of the forthcoming platform include: Continuous Market Operation (24 hours a day, 7 days a week), significantly reducing the risk of overnight gaps; near-instantaneous settlement; and enhanced transparency via immutable ledger records. The introduction of tokenized securities allows assets to be fractionalized and managed digitally, potentially lowering transaction costs and entry barriers for retail investors.
Industry analysts view this strategic move as a crucial response by the NYSE to the growing competitive pressure from decentralized finance (DeFi) protocols and other traditional exchanges that have already established digital asset subsidiaries. The successful launch will depend heavily on securing necessary regulatory approval from the U.S. Securities and Exchange Commission (SEC), marking a pivotal moment in the integration of blockchain into mainstream finance.
Source: NYSE develops 24/7 blockchain trading platform for tokenized stocks, ETFs
コメント