NYSE Partners with Blockchain.com on Tokenized Stocks to Attract Crypto Investors
The New York Stock Exchange (NYSE) has entered into a memorandum of understanding with blockchain company Blockchain.com to offer tokenized U.S. stocks and ETFs through its upcoming digital trading venue, pending regulatory approvals. Tokenized stocks are blockchain-based representations of traditional shares that allow for fractional ownership, 24/7 trading, and faster settlement times. The NYSE's new platform is being developed as a regulated alternative trading system (ATS) by Intercontinental Exchange (ICE), the parent company of the NYSE. This partnership aims to connect crypto-native investors with Wall Street assets. Blockchain.com has over 44 million user accounts globally, and this collaboration could significantly expand access for users in different jurisdictions. The deal also includes data-sharing agreements between ICE Data Services and Blockchain.com. Recent regulatory developments by the SEC have paved the way for tokenized stocks to be traded on public blockchains without full exchange registration.
